CleanCapital acquired a portfolio of two SMART solar and energy storage assets in Massachusetts and four behind-the-meter solar and energy storage assets in California. (Source: Shutterstock)
Power producer CleanCapital has acquired a portfolio of distributed generation assets across Massachusetts and California from Pacifico Energy, according to a June 24 press release.
The portfolio includes two SMART solar and energy storage assets in Massachusetts and four behind-the-meter solar and energy storage assets in California. Financial details of the transaction were not disclosed.
The assets total 27.3 megawatts of solar capacity and 25 megawatt-hours of battery storage, CleanCapital said.
The energy generated from these assets is supplied to local energy subscribers through the SMART program and power purchase agreements with commercial and industrial offtakers, according to the release. SMART stands for Solar Massachusetts Renewable Target and is a Department of Energy Resources program incentivizing solar development in the state of Massachusetts.
“This transaction highlights Pacifico Energy’s focus on creating and monetizing high-quality distributed generation assets that align with the growing demand for scalable, resilient infrastructure. The portfolio’s strong fundamentals demonstrate the value of distributed energy as a compelling asset class for investors seeking long-term exposure to the energy transition,” said Leon Persaud, Pacifico Energy Group managing director.
Marathon Capital acted as adviser to Pacifico Energy LLC on the sale of this co-located solar and storage portfolio.
Recommended Reading
Halliburton Launches Horizontal Drilling Resistivity Service
2025-05-19 - Halliburton Co.’s EarthStar 3DX provides real-time data for operators to reduce risk and increase reservoir contact.
More Meat Off the Bone: New Refrac Methods Drive Production Gains
2025-05-15 - Liner hanger components and bullhead frac combinations are boosting refract results.
SLB’s Digitally Enhanced, Electric Well Tech to Boost Production
2025-05-06 - SLB’s Electris system promises “fewer requirements for costly well interventions” and has been installed more than 100 times in five countries.
Schneider’s New Innovation Center Is Open for Business
2025-05-27 - Schneider Electric’s flagship Energy Innovation Center is a key to integrating AI into the energy business.
AI—Midstream’s New Tool to Play Offense
2025-05-15 - AI has a growing role as a midstream monitoring tool amongst companies in the sector.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.