True Green Capital Management LLC Expands Renewable Portfolio With 64 Megawatts Of Operating Solar Assets

True Green Capital Management LLC (TGC), a specialized firm focused on renewable energy infrastructure investments, announced the acquisition of approximately 64 megawatts DC of operating solar assets from Ecofin US Renewables Infrastructure Trust PLC, a company listed on the London Stock Exchange. The acquisition, which was finalized on March 10, 2025, is part of TGC’s fourth fund and adds significant capacity to its growing portfolio of renewable energy assets.

The acquisition includes 62 solar projects that are geographically diversified across seven states and four power markets. These states are New Jersey, California, Massachusetts, Minnesota, Virginia, and Delaware, and the power markets are PJM (Pennsylvania-New Jersey-Maryland), CAISO (California Independent System Operator), ISO-NE (Independent System Operator – New England), and MISO (Midcontinent Independent System Operator). This geographic and market diversification provides TGC with a broad and stable base of assets, reducing risks and enhancing the long-term value of the investment.

Bo Wiegand, Partner and Co-Founder of TGC. A&O Shearman served as legal counsel to TGC, said in a statement, “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.”

Panos Ninios, Managing Partner and Co-Founder of TGC, stated, “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.”

The projects acquired by TGC are supported by long-term power purchase agreements (PPAs), which provide predictable and stable revenue streams. Additionally, the projects are eligible for various renewable energy credits, further enhancing their economic value. These long-term agreements and credits make the acquired solar assets an attractive addition to TGC’s portfolio, ensuring continued growth and support for the firm’s commitment to renewable energy investments.