NuGen Capital Management Commits $150M To Operating And Distressed Solar Assets Across The Northeast In 2026, $30M Already Deployed

NuGen Capital Management, LLC (NuGen), a national investor and operator in solar energy infrastructure, has announced an increased commitment to deploy over $150 million in capital targeting both operating and distressed solar assets across the Northeast. The firm’s capital strategy reflects a belief that 2026 will favor experienced operators who adopt an “Owner Mindset” to maximize project performance and protect long-term economic value for customers, partners, and other stakeholders.

Laura Frazier, Managing Director of Business Development & Strategy at NuGen, emphasized the firm’s disciplined growth approach, noting that NuGen is entering 2026 with strong momentum. “We have committed approximately $30 million of our $150 million deployable capital to near-term and operating projects, primarily across the Northeast,” she said. Built on years of successful long-term ownership, NuGen focuses on investing in high-quality solar assets while maintaining rigorous oversight and operational excellence. By leveraging deep knowledge of solar assets across their lifecycle, the team works to optimize performance and deliver resilient, sustainable economic outcomes for all stakeholders.

NuGen combines project finance, tax strategy, and operational asset management to enhance project results while minimizing risk. Nicole Verdi, Managing Director of Operations, Finance & Legal, explained, “Our strength lies in pairing operational excellence with a disciplined focus on long-term value. That integration allows us to improve outcomes, manage risk, and create durable value across the portfolio.”

The current solar market presents both challenges and opportunities. Development projects must begin construction in 2026 to secure federal tax credits, creating a critical window for action. NuGen is particularly focused on fundamentally sound projects facing near-term constraints, where capital combined with operational expertise can unlock value for operating asset owners and developers in regulated markets. The firm’s cross-sector experience in energy solutions, real estate, and finance enables it to deliver innovative solutions in complex market environments.

NuGen believes the greatest opportunities in renewable energy arise when experienced teams collaborate to deliver projects amid uncertainty. Aaron Rust, Managing Director of Renewable Infrastructure, noted, “When we prioritize partnership alongside performance, we turn uncertainty into momentum. That collaboration creates durable value not only for our businesses but also for the communities and customers who rely on the clean energy transition.”

NuGen will be actively participating in RE+ Northeast on February 4–5, 2025, in Boston, Massachusetts. The firm plans to engage with owners of operating projects and developers with near-term pipelines, particularly those facing tax equity funding gaps, exploring exit strategies for distressed assets, or looking to monetize existing portfolios. NuGen’s presence at the event demonstrates its commitment to connecting with regional stakeholders and its readiness to explore new investment opportunities.