Catalyze Secures Tax Equity Investment From RBC To Fund 100 MW U.S. Solar Portfolio Across 18 Projects In NY, IL, CA, And VA

Catalyze, a leading independent power producer and developer of distributed renewable energy assets, announced the successful closing of a tax equity investment from RBC Community Investments to support its 2026–2027 construction portfolio. The financing will fund the development and construction of a 100-megawatt portfolio of solar projects across the United States.

The portfolio includes 18 solar projects across New York, Illinois, California, and Virginia, consisting of a mix of community solar and commercial and industrial rooftop solar assets. All projects are currently under development or under construction, with commercial operation dates expected between 2026 and 2027.

Jared Haines, Chief Executive Officer of Catalyze, described the closing as a significant milestone in advancing the company’s development pipeline. He noted that the partnership with RBC enables Catalyze to efficiently scale distributed solar assets across multiple markets while supporting its long-term ownership strategy and delivering value to property owners, businesses, and local communities.

Jonathan Cheng, Managing Director of RBC Community Investments, said the investment reflects confidence in Catalyze’s ability to execute projects at scale across multiple markets. He highlighted that the 100-megawatt portfolio represents a diversified mix of community and commercial solar projects that advance RBC’s longstanding commitment to the energy transition.

This transaction expands Catalyze’s existing partnership with RBC, following an April 2025 tax equity investment that supported a 75-megawatt portfolio of projects. It also reflects continued institutional demand for diversified distributed solar portfolios backed by experienced developers and long-term asset owners. CRC-IB served as financial advisor to Catalyze for this transaction.

The portfolio, which includes community solar and commercial rooftop projects, is located in New York, Illinois, California, and Virginia. All 18 projects are under development or construction, with commercial operation dates expected between 2026 and 2027. Once completed, the portfolio will add 100 megawatts of clean, distributed solar capacity, further supporting the growth of renewable energy and the energy transition across multiple states.