Catalyze said the $85 million financing is expected to support the construction and completion of approximately 75 megawatts of solar projects across the U.S. (Source: Shutterstock)
Renewable energy developer Catalyze received an $85 million tax equity investment from RBC Community Investments, according to an April 16 press release.
The financing is expected to support the construction and completion of approximately 75 megawatts (MW) of commercial, industrial and community solar projects across the U.S.
Houston-based Catalyze currently has a portfolio of 300 MW of projects operating and in construction, the company said.
Catalyze said RBC’s investment will support its growing network of distributed renewable energy projects to property owners, businesses and communities, building on the firms’ existing relationship.
“RBC’s investment in this portfolio demonstrates our commitment to advancing clean energy solutions within local communities,” said Jonathan Cheng, managing director at RBC.
Catalyze’s private equity sponsors, EnCap Investments and Actis, also back the company’s growth strategy as it scales its renewable energy offerings, the release stated.
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