CleanCapital, an independent producer specializing in distributed energy, announced the acquisition of an energy asset portfolio comprising more than 27 MW of solar capacity and 25.2 MWh of battery storage. These facilities, located in California and Massachusetts, were purchased from Pacifico Energy, a specialist in developing distributed energy assets in the United States.
Composition of the acquired portfolio
The newly acquired portfolio includes two solar assets associated with the Solar Massachusetts Renewable Target (SMART) programme, as well as four behind-the-meter (BTM) solar installations located in California. These assets supply energy to various local subscribers through the SMART programme in Massachusetts and through Power Purchase Agreements (PPAs) with institutional and commercial clients.
These facilities incorporate advanced Battery Energy Storage Systems (BESS), a crucial element in addressing the continued rise in energy demand and necessary modernisation of the US power grid. The acquisition thus strengthens CleanCapital’s operational capacity in solar generation and energy storage in strategic markets across the United States.
Strategic market positioning
According to Julia Bell, Chief Investment Officer at CleanCapital, this operation is a crucial step towards reinforcing the group’s presence in key US states. “This acquisition diversifies our asset base while consolidating our expertise in energy storage management, a fundamental resource for stabilising power grids and ensuring energy security,” said Julia Bell.
Leon Persaud, Managing Director of Pacifico Energy, emphasised that this transaction reflects the group’s strategy focused on creating and monetising quality energy infrastructure to meet the growing demand for distributed and resilient assets. According to him, the strong economic fundamentals of these projects demonstrate the viability of distributed energy as an attractive asset class for investors.
Expected increase in electricity consumption
According to forecasts from the US energy sector, electricity demand could increase by 25% by 2030, driven notably by increased electrification, massive development of data centres, and rapid expansion of technologies related to artificial intelligence.
This context of significant energy growth places the acquisition within a framework of responding to increased US market needs. CleanCapital intends to continue developing energy assets to effectively meet consumer and business expectations, within a context of strategic consolidation in the national energy sector.
