Soltage, a leading independent power producer focused on solar and energy storage, has announced the closing of a landmark $525 million investment vehicle structured around the purchase of federal investment tax credits (ITCs). The financing, backed by a Fortune 500 company, marks one of the largest tax credit transactions in the US distributed solar and storage market and will directly support the next wave of renewable energy deployment.

The investment vehicle bundles ITCs generated from Soltage’s solar and storage projects into a single structure, with credits committed through 2026. This innovative approach not only provides the company with predictable long-term capital but also highlights the growing appetite from large corporates to monetize clean energy tax incentives while supporting the transition to a low-carbon economy.

Proceeds from the transaction will finance 260 MW of new solar and storage capacity across the United States, reinforcing Soltage’s ability to scale rapidly. With a pipeline exceeding 2 GW, the company will deploy these funds to advance project development, construction, and operations, ensuring reliable and cost-effective clean power for communities and commercial partners.

Since its founding, Soltage has developed more than 125 renewable energy projects, representing over 450 MW of distributed generating capacity. Its portfolio spans multiple competitive US markets, including PJM, ISO-NE, and the Southeast, where the company leverages community solar programs and long-term contracts with utilities and corporate offtakers.

This financing provides Soltage with a stable foundation to continue expanding its footprint in the distributed generation sector while contributing to national clean energy targets. By aligning with Fortune 500 capital partners, Soltage demonstrates how innovative tax credit structures can unlock the next phase of renewable growth and broaden corporate participation in the energy transition.

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