True Green Capital Management Expands Solar Energy Portfolio with New Acquisition

Expanding the Solar Energy Landscape: TGC's Recent Acquisition

True Green Capital Management LLC (TGC), based in Westport, Connecticut, has made headlines with its latest acquisition of approximately 64 megawatts DC of operational solar assets. This strategic move, made on March 10, 2025, through TGC's fourth fund, marks a significant milestone in the firm's pursuit to enhance renewable energy infrastructure.

The newly acquired assets comprise 62 projects that span across seven states and four distinct power markets. These states include New Jersey, California, Massachusetts, Minnesota, Virginia, and Delaware, while the power markets involve PJM, CAISO, ISO-NE, and MISO. The diversification of these projects not only strengthens TGC's portfolio but also allows the firm to tap into various renewable energy credits and long-term Power Purchase Agreements (PPAs), vital for sustainable revenue generation.

Bo Wiegand, Partner and Co-Founder of TGC, expressed optimism regarding the acquisition, stating, "These projects are substantially similar to the distributed assets in our prior TGC funds which were acquired then optimized into an institutional-caliber portfolio. Our in-house technical capabilities, track record and familiarity with these types of projects places TGC in a strong position with respect to value creation."

The recent acquisition is a testament to TGC's growing footprint in the distributed solar power market, as it bolsters the firm's current operating portfolio to well over 600 megawatts. Panos Ninios, Managing Partner and Co-Founder of TGC, also highlighted the successful transition of operating assets into private management: "This acquisition increases TGC's current distributed solar operating portfolio to over 600 megawatts. With this transaction, we demonstrated our Firm's capabilities to take operating assets private. We look forward to supplementing these assets with future operating portfolio acquisitions."

TGC is widely recognized for its expertise in managing renewable energy investments, primarily focusing on distributed power generation in both the United States and Europe. Since its inception in July 2011, TGC has built a reputation for delivering clean energy solutions while optimizing asset value through technical innovation.

The firm's investment strategy is rooted in the growing demand for power and the upward trend of energy prices. As the cost of technology for distributed power generation decreases, TGC sees compelling investment opportunities, particularly in distributed solar and battery systems, which now stand competitively against traditional power generation methods. Given recent deregulations in the energy sector, TGC believes it can rapidly and efficiently add new infrastructure to the power grid, thus maintaining its competitive edge.

To date, TGC has significantly expanded its reach, investing across 18 states in the U.S., as well as across the United Kingdom and France. Their portfolio includes notable states such as California, Connecticut, Massachusetts, and many others, collectively contributing to the global push towards renewable energy adoption.

The future looks promising for TGC, as they continue to explore innovative ways to harness and generate clean energy. This acquisition not only reflects their commitment to expanding their footprint in the renewable sector but also underscores the importance of sustainable and efficient energy solutions in today's marketplace.

In conclusion, True Green Capital Management is making significant strides in the renewable energy industry with its recent acquisition of solar assets. As the firm continues its investments in sustainable energy, it reaffirms its position as a leading player in promoting environmental sustainability and energy efficiency.