Generate Capital Secures $117 Million Financing for Community Solar Projects with MUFG
Generate Capital Secures $117 Million Financing for Community Solar Projects with MUFG
Generate Capital, a prominent player in sustainable infrastructure investment, has achieved a significant milestone by closing a $117 million term debt facility in collaboration with Mitsubishi UFJ Financial Group (MUFG). This agreement, finalized on September 15, 2026, marks Generate's inaugural foray into community solar financing with MUFG and is part of a broader strategy to enhance its network of institutional financing partners.
The funds will be allocated to Generate's Community Solar Fund 11, an ambitious initiative encompassing 18 projects throughout Illinois and New York, amounting to a total generation capacity of 114 MWdc. This financing not only aids in creating community-driven solar power solutions but also makes strides toward expanding reliable and affordable power access for various communities and businesses.
Ed Bossange, Chief Capital Formation Officer at Generate Capital, expressed optimism regarding the partnership with MUFG, stating, "The closing of this facility with MUFG further expands our financing partner network and provides additional capital to support the continued growth of our community solar platform." He further emphasized that this development aligns with the substantial financing activities Generate executed in the first half of 2026, showcasing the platform’s strength and its uncommon ability to attract capital from leading institutions.
Fred Zelaya, Managing Director at MUFG, echoed Bossange's sentiments, affirming the successful collaboration to enhance community solar initiatives. He highlighted Generate's established reputation for developing and managing high-quality distributed energy assets, which signifies a mutual commitment to financing vital infrastructure that delivers consistent and affordable energy to communities nationwide.
The year 2026 has shown positive momentum for Generate Capital in terms of capital formation. Within just the first half of the year, the firm managed to close approximately $1.4 billion in financing commitments, securing a diversified portfolio that spans across community solar, battery energy storage systems, and energy efficiency projects. Noteworthy transactions include:
- - A sizable 104 MW community solar portfolio developed in conjunction with Monarch Private Capital, projected to deliver around $200 million in investment tax credits across over 15 different community solar projects.
- - A $61 million senior secured U.S. Private Placement for financing energy efficiency projects aimed at a leading investment-grade industrial client. This significant financing marks Generate's first venture into 4(a)2 U.S. Private Placements, effectively diversifying the company's funding sources and partnership base.
This recent wave of financing by Generate underscores the growing institutional interest in high-quality infrastructure assets that provide stable cash flows over the long term. The ability to structure flexible financing solutions across various sectors is a testament to Generate's strategic positioning within the infrastructure landscape.
About Generate Capital
Founded in 2014, Generate Capital has established itself as a key player in providing reliable and affordable energy solutions to its clients for over a decade. The firm is dedicated to expediting the transition to sustainable energy by empowering large energy users with swift access to power and connections, especially in a grid-constrained scenario. By supporting data centers and other energy-intensive facilities with scalable infrastructure solutions that leverage diverse technologies, Generate combines extensive investment know-how with effective operational capabilities. To date, Generate has successfully raised over $16 billion in capital and built a robust track record in critical infrastructure assets.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) stands among the forefront of global financial institutions, boasting a history spanning over 360 years. Headquartered in Tokyo, MUFG operates an expansive global network with nearly 2,000 locations in more than 40 countries. Its Americas division, primarily structured under MUFG Bank, Ltd., specializes in Global Corporate and Investment Banking and Japanese Corporate Banking, focusing on delivering comprehensive financial services and solutions.
Topics Energy）
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