Last week, project investment, acquisition and development firm CleanCapital promoted Julia Bell as its new Chief Commercial Officer, a move that is meant to further accelerate its M&A and internal development operations following a USD 300m investment from Manulife into the firm back in April.

CleanCapital is building momentum, recently securing a USD 300m commitment from Manulife Investment Management and acquiring 63 MW of C&I solar projects spread across 10 states and DC. Investment Bank Javelin Capital acted as adviser to CleanCapital on the transaction and Kirkland & Ellis represented the firm while Baker McKenzie represented Manulife.

If you look at industry trends like the rapidly declining cost of storage and the prevalence of solar+storage model, we really see an opportunity there not only for standalone storage but for adding storage to our existing solar arrays.