True Green Capital Management's Strategic Acquisition of 64 Megawatts of Solar Assets

True Green Capital Management Acquires 64 Megawatts of Solar Assets

In a significant move for the renewable energy sector, True Green Capital Management LLC (TGC) has announced the acquisition of approximately 64 megawatts DC of operational solar assets from Ecofin US Renewables Infrastructure Trust PLC. This acquisition marks a crucial step in TGC's strategy to expand its renewable energy portfolio, particularly within the scope of distributed power generation.

Acquisition Details

The deal, finalized on March 10, 2025, includes a total of 62 solar projects that are geographically diversified across seven states - namely New Jersey, California, Massachusetts, Minnesota, Virginia, and Delaware. The projects operate within four power markets: PJM, CAISO, ISO-NE, and MISO. Notably, these assets are secured by long-term Power Purchase Agreements (PPAs), alongside renewable energy credits that enhance their value.

Bo Wiegand, a Partner and Co-Founder of TGC, highlighted the strategic importance of this acquisition, stating, "These projects are substantially similar to the distributed assets in our prior TGC funds, which were acquired and subsequently optimized into an institutional-caliber portfolio. Our in-house technical capabilities, combined with our established track record and familiarity with similar projects, empower TGC to create significant value."

This new acquisition brings TGC's total distributed solar operating portfolio to over 600 megawatts. Panos Ninios, another Managing Partner and Co-Founder, expressed optimism about future operations, remarking, "This transaction illustrates our Firm's capabilities to take operational assets private. We are eager to expand our portfolio further with additional operating asset acquisitions."

About True Green Capital Management

Founded in July 2011, True Green Capital Management is an investment management firm based in Westport, Connecticut, and also has offices in London, UK. The firm focuses on developing renewable energy infrastructure, particularly in the rapidly growing field of distributed power generation across the United States and Europe. The firm's strategic investments align with the increasing demand for clean energy solutions, supported by the ongoing technological advancements and regulatory reforms in the energy sector.

TGC's investment thesis hinges on several key factors: the growing demand for power, the continuous rise in electricity prices, the declining costs of renewable energy technologies, and the increased efficiency associated with delivering competitively-priced electricity at the source. As such, TGC believes these factors will lead to significant investment opportunities, characterized by stable cash flow with low correlations to the broader market trends.

Currently, TGC concentrates on markets within the US, UK, and EU, which together constitute a substantial portion of the global distributed power generation market valued at approximately $1.5 trillion. Their strategy emphasizes solar power projects that are sub-utility scale, indicating a commitment to enhancing localized energy generation capacities.

As the energy landscape continues to evolve, TGC’s proactive approach in securing valuable assets like these solar projects positions the firm as a leader in the renewable energy investment domain, prepared to capitalize on future opportunities in a sustainable manner.

Future Outlook

With the completion of this acquisition, True Green Capital Management is set to enhance its presence in the renewable energy market even further. The firm is keen on exploring additional acquisitions that will supplement its expanding operational portfolio. By doing so, TGC aims to contribute meaningfully to the global transition towards sustainable energy sources and support the shift in energy infrastructure that is required to meet increasing energy demands in an environmentally responsible manner.