Generate Capital has closed a $154.5 million tax equity fund with SOLCAP, KeyState’s tax equity investment platform, to finance 10 community solar projects across New York and Illinois, with a combined capacity of 43 MWac. This marks the sixth tax equity fund by Generate Capital and KeyState. The latest fund follows an $85 million community solar tax equity fund announced in October 2025, which is nearing final funding. Generate Capital has secured $1.6 billion in financing commitments so far in 2026 to support infrastructure development.
In September 2026, Generate Capital closed a term debt facility of $117 million with MUFG to finance its Community Solar Fund 11. The fund comprises 18 community solar projects totalling 114 MWdc across Illinois and New York. The transaction follows the company securing approximately $1.4 billion in financing commitments during the first half of 2026, including financing for a 104 MW community solar portfolio with Monarch Private Capital and a $61 million senior secured US private placement.
In July 2026, PureSky Energy secured $183.7 million in investment-grade refinancing for its operating community solar portfolio in the US. The transaction combines eight debt portfolios into a single financing structure.The portfolio includes 211 MWdc of solar capacity and 58 MWh of battery energy storage system (BESS). The portfolio spans across 43 projects in Massachusetts, New York and Minnesota.