Sunrock Distributed Generation and CleanCapital Announce Strategic Partnership to Boost U.S. Solar and Storage Projects

Source:solarquarter

Sunrock Distributed Generation (SDG), a prominent developer and operator of commercial solar and storage projects, has announced a strategic partnership with CleanCapital, a fully integrated clean energy company. This collaboration aims to develop, finance, and manage distributed generation assets across local communities throughout the United States.

The partnership will leverage Sunrock’s proprietary underwriting system and technology platform to deploy solar and storage projects. This innovative platform addresses previous barriers that have hindered small and medium-sized organizations from securing funding for renewable energy initiatives.

Last year, CleanCapital received a significant commitment of up to $500 million from Manulife Investment Management, enhancing its ability to invest in solar and storage development. This substantial funding highlights CleanCapital’s commitment to the clean energy sector and its growing influence in sustainability markets.

Wilson Chang, CEO of Sunrock Distributed Generation, expressed enthusiasm about the partnership, stating, “We are delighted to announce our collaboration with CleanCapital. This partnership will enable us to assist more local businesses, public entities, and nonprofits—groups that have traditionally been overlooked by the finance industry—in adopting renewable energy solutions. Together, we aim to increase financial resources for these entities, helping them reduce energy costs, enhance power grid resilience, and lower carbon emissions.”

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Winston Chen, Senior Director of Investments & Capital Markets at CleanCapital, commented, “Our partnership with Sunrock is a pivotal step in deploying behind-the-meter solar assets. These assets are not only economically viable but also crucial in delivering clean energy directly to local communities. By combining Sunrock’s development expertise with CleanCapital’s funding capabilities, we are accelerating the nation’s energy transition where it is most needed.”

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