- Soltage has closed a $525 million tax credit investment agreement focused on solar and energy storage projects. - This financing structure will enable the purchase of investment tax credits over two years, providing stable long-term capital. - The capital will support the development, construction, and operation of Soltage's pipeline of more than 2 GW of photovoltaic and battery energy storage projects. - The transaction is expected to fund an additional 260 MWs of energy asset deployment. - A Fortune 500 company has committed to purchase tax credits generated through this partnership until 2026. - Mihir Mehta, Chief Investment Officer of Soltage, emphasized that this investment vehicle enhances their capacity to deliver essential energy resources across the U.S. - The deal contributes to the growth of domestic clean energy infrastructure and the creation of local employment opportunities. - Following a $260 million debt raise in June 2025, this transaction further cements Soltage's leadership in U.S. energy development. - Soltage develops, owns, and operates distributed utility-scale solar and energy storage assets, catering to various clients including utilities and municipalities. - The company has successfully completed over 125 clean energy projects totaling over 500 MW of distributed generation capacity. - Soltage is headquartered in Jersey City, New Jersey and is backed by Igneo Infrastructure Partners, managing over $20 billion in assets.

Soltage Closes $525 Million Tax Credit Investment Vehicle for Storage and Solar Projects

News provided by Soltage

Sep 23, 2025, 10:00 ET

Financing highlights Soltage's innovative investment partnership and established project pipeline

JERSEY CITY, N.J., Sept. 23, 2025 /PRNewswire/ -- Soltage, a leading independent power producer (IPP) specializing in the development, financing, and operation of distributed utility-scale solar and energy storage assets, today announced the closing of a $525 million tax credit investment agreement.

This innovative financing structure includes the purchase of investment tax credits over two years, providing Soltage with stable, long-term capital to continue the development, construction, and operation of its 2+ GW pipeline of photovoltaic and battery energy storage projects.

Specifically, this transaction is expected to fund the next 260 MWs of Soltage's energy asset deployment. The agreement also includes a commitment from a Fortune 500 company to purchase tax credits generated through the partnership through 2026.

"We are pleased to announce this investment vehicle, accelerating our ability to deliver mission-critical generation resources to our customers across the U.S.," said Mihir Mehta, Chief Investment Officer of Soltage. "This transaction supports the continued growth of domestic clean energy infrastructure and helps create high-quality local employment opportunities."

Following Soltage's $260 million debt raise in June 2025, this transaction further solidifies the company's position as a leader in US energy development—delivering reliable, sustainable power to communities and businesses across the country.

About Soltage

Soltage is a leading independent power producer that develops, owns, and operates distributed utility-scale solar and energy storage assets across the United States. Serving utility, commercial, industrial, and municipal clients, Soltage has delivered more than 125 clean energy projects totaling over 500 MW of distributed generation capacity. Headquartered in Jersey City, New Jersey, Soltage is backed by Igneo Infrastructure Partners, a global infrastructure investment manager with over $20 billion in assets under management. Learn more at www.soltage.com.

SOURCE Soltage