Soltage Secures $525 Million Investment for Solar and Storage Expansion

Soltage Closes Major Financing for Clean Energy Projects

In a significant boost to America’s clean energy sector, Soltage, a leading independent power producer (IPP), announced the successful closure of a $525 million tax credit investment agreement. This innovative financial structure, finalized on September 23, 2025, aims to enhance the development, construction, and operation of its extensive portfolio of solar and energy storage projects across the United States.

Investment Highlights and Future Impact

The $525 million deal signifies a pivotal moment for Soltage, providing them with substantial and reliable capital necessary to advance their pipeline of over 2 gigawatts (GW) of photovoltaic energy and battery storage projects. Specifically, the funds will support the deployment of an initial 260 megawatts (MW) of energy assets. As part of the agreement, a Fortune 500 company has committed to purchasing the tax credits generated through this collaboration through 2026, ensuring a steady flow of revenue that backs these crucial renewable initiatives.

Mihir Mehta, Chief Investment Officer at Soltage, expressed his enthusiasm for the new financing, stating, "We are pleased to announce this investment vehicle, which accelerates our ability to deliver mission-critical generation resources to our customers across the U.S. This transaction underlines our commitment to strengthening domestic clean energy infrastructure and contributing to high-quality job creation in the local economy." This investment is anticipated to catalyze the growth of clean energy resources and support the shift towards more sustainable energy solutions in the U.S.

Contextualizing the Investment in Clean Energy

Just months before this deal, in June 2025, Soltage had successfully raised $260 million in debt to further its clean energy initiatives. This sequential financial support solidifies Soltage's stature as an industry leader in the field of energy development. With a proven track record of delivering over 125 clean energy projects that total more than 500 MW of distributed generation capacity, the company continues to expand its influence in the burgeoning renewable energy market.

About Soltage

Founded in Jersey City, New Jersey, Soltage has emerged as a notable player in the field of renewable energy. The company focuses on developing, owning, and operating distributed utility-scale solar and energy storage assets, catering primarily to utilities, commercial entities, industrial sectors, and municipalities. Backed by Igneo Infrastructure Partners, a global infrastructure investment manager with more than $20 billion in assets under management, Soltage is well-positioned to be a pivotal force in shaping America’s energy future.

In conclusion, the closure of this substantial investment deal signifies a major step forward for Soltage and the broader clean energy movement in the U.S. As the country aims for a more sustainable future, investments like these help to facilitate the necessary infrastructure improvements and employment opportunities required to transition to cleaner energy sources effectively.

For more information about Soltage and its projects, visit www.soltage.com.