New updates have been reported about Generate Capital (PC:GENER)
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Generate Capital has announced the successful closing of an $85 million tax equity commitment with SOLCAP, KeyState’s tax equity investment platform, to support a portfolio of eight community solar projects in New York and Illinois. These projects, totaling 38 MWdc, are expected to become operational between the fourth quarter of 2025 and the first quarter of 2026. This latest fund marks Generate’s 10th community solar tax equity fund and the fifth collaboration with KeyState since 2021, highlighting Generate’s position as a leading tax equity provider in the sector.
In 2025 alone, Generate has raised over $1.4 billion in project debt and tax equity, reinforcing its commitment to expanding access to clean energy. Peggy Flannery, Managing Director of Investments at Generate Capital, emphasized the importance of community solar in providing clean power to households, businesses, and communities. Since entering the community solar market in 2017, Generate has established a robust platform, owning and operating more than 430 MW of community solar across various states. This strategic move not only supports grid resilience but also fosters community economic development. The collaboration with KeyState and other partners continues to drive significant capital into sustainable infrastructure projects, aligning with Generate’s mission to deliver essential resources and support the growing demand for power.