News

Foley Hoag Represents CleanCapital in Investment from BlackRock Renewable Energy Group

April 16, 2019

Foley Hoag LLP represented clean energy investment platform CleanCapital LLC in the negotiation of its investment by BlackRock Renewable Energy Group. The transaction enables the two firms to invest in clean energy projects together, and provides for the continued growth of CleanCapital as it expands into new markets and new renewable energy asset classes.

Founded in 2015, New York-based CleanCapital has built a proprietary technology platform that identifies, screens and manages clean energy projects, giving project owners an opportunity to exit their portfolios while providing accredited investors with unique access to the clean energy investment market.  

This matter marks a deepening relationship between CleanCapital and BlackRock after the two firms closed on CleanCapital’s largest transaction to-date in November 2018, the acquisition of a 46.9 megawatt portfolio of 60 operating solar energy projects. 

Foley Hoag attorneys Mark Barnett and Nicholas Romanos advised CleanCapital in the transaction.