Generate Capital Enhances Community Solar Reach with New Fund

Generate Capital Secures $85 Million for Clean Energy Initiatives
Generate Capital, a prominent player in infrastructure investment, has recently announced the successful closing of an impressive $85 million tax equity commitment. This funding is part of an ongoing initiative aimed at bolstering distributed clean energy practices, specifically through community solar projects. These efforts reflect Generate's dedication to providing eco-friendly energy solutions while enhancing the community's access to clean power.
Partnership with KeyState for Solar Projects
This commitment comes in collaboration with KeyState's investment platform SOLCAP and marks Generate's tenth community solar tax equity fund. The funds will support an extensive portfolio that encompasses eight community solar projects across different regions. The total capacity of these projects reaches 38 MWdc, with expectations of commercial operations beginning by early 2026.
Expanding the Clean Energy Landscape
The closing of this fund reinforces Generate's position as a leading tax equity provider in the solar sector. Since 2021, Generate has established a strong partnership with KeyState to drive meaningful impacts through renewable energy investments. In just the course of 2025, Generate has successfully raised over $1.4 billion, comprising both project debt and tax equity—underscoring its robust financial health and commitment to clean energy.
Community Benefits from Solar Investments
The significance of community solar projects cannot be overstated, as they play a vital role in ensuring that clean energy is accessible to a broader audience. As highlighted by Peggy Flannery from Generate Capital, these initiatives provide tangible benefits not only to the environment but also to local communities. They create opportunities for households and businesses to engage with clean energy, further promoting sustainability.
Generating Impact with Sustainable Practices
The collaboration between Generate and KeyState aims to set benchmarks in sustainable infrastructure investment. Josh Miller, CEO of KeyState, emphasized the mutual goal of driving capital into projects that generate both financial returns and community impact. The partnership exemplifies how strategic investment can lead to significant advancements in renewable energy.
Generate Capital's Industry Leadership
Since its inception in 2014, Generate Capital has positioned itself as a key stakeholder in the renewable energy market. With over 430 MW of operational community solar assets, the company has demonstrated considerable growth and expertise in the field. This extensive portfolio, backed by robust partnerships and financial support, enables Generate to remain at the forefront of the energy transition, enhancing the resilience and sustainability of local grids.
Collaborative Efforts with Experienced Legal Counsel
For the recent tax equity fund transaction, Generate partnered with Orrick as sponsor counsel and Kutak Rock as investor counsel. This strategic collaboration emphasizes the importance of having robust legal support in navigating the complexities of infrastructure investments.
About Generate Capital
Generate Capital stands out as a dedicated investment platform focused on building and operating critical infrastructure. Committed to delivering affordable and resilient solutions, Generate recognizes the growing demand for reliable power sources. Across six key sectors—power, mobility, waste, green digital, water, and industrial decarbonization—Generate has raised more than $14 billion, contributing to its expansive portfolio of over 2,000 assets and partnerships with leading innovators in the field.
About KeyState and SOLCAP
KeyState provides innovative investment strategies that empower community banks. With a robust history of partnering with over 150 banks, KeyState leverages its SOLCAP platform to facilitate capital investment in renewable energy projects. Since its launch in 2019, SOLCAP has committed over $1 billion towards more than 200 renewable energy initiatives, promoting economic growth and sustainability across numerous regions.
Frequently Asked Questions
What is the significance of Generate Capital's new fund?
The $85 million fund enhances Generate Capital's ability to finance community solar projects, contributing to broader access to clean energy.
How does Generate's partnership with KeyState benefit the community?
This partnership facilitates investment in sustainable projects that provide clean energy access, benefiting local households and businesses.
What milestones has Generate Capital achieved recently?
In 2025, Generate has raised over $1.4 billion in total funds, including significant project debt and tax equity, demonstrating strong market engagement.
What types of projects does Generate Capital focus on?
Generate Capital invests in projects across various sectors, including power, mobility, waste, agriculture, and industrial decarbonization.
How has SOLCAP impacted the renewable energy landscape?
SOLCAP has directed over $1 billion towards developing numerous renewable energy projects, fostering sustainability and profitability for community banks.
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