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.

For larger investors like banks and major financial institutions, this year has been relatively business-as-usual with utility-scale solar continuing to thrive. However, for some smaller investors and asset owners, 2020 has been a year of uncertainty and risk.

Susgen and BNRG wouldn’t go through the effort of breaking into the U.S. renewable project market if they didn’t see opportunity. For Maguire, the key aspect of the U.S. market is its scale.

Earlier this month, New Jersey overwhelmingly voted to approve a ballot measure legalizing recreational marijuana, a move seen as a major economic boon to a state pummeled by the COVID-19 pandemic.