Aligned Climate Capital has announced the final close of its sixth distributed solar fund, Aligned Solar Partners 6 LP (ASP6), surpassing its $200 million target with commitments exceeding $240 million. This marks the firm’s largest solar fund to date, reflecting significant investor confidence in distributed solar energy projects.Aligned Climate Capital+2Business Wire+2Business Wire+2
ASP6 has already placed over 25 megawatts (MW) of distributed solar projects into service in Maine and Washington, D.C., with additional projects under construction across seven states. The fund aims to double its total capacity under this strategy, targeting more than 150 MW of solar energy.Business Wire
Peter W. Davidson, CEO of Aligned Climate Capital, emphasized the growing demand for clean energy: “The U.S. needs new power generation to meet growing electricity demand, and solar energy is the cheapest, fastest, and cleanest technology in the market.”Business Wire+2Business Wire+2Aligned Climate Capital+2
Aligned’s approach involves acquiring construction-ready distributed solar projects, financing their build-out, and delivering returns through tax credit monetization, operating income distributions, and portfolio sales to institutional infrastructure investors. The firm has been active in the distributed solar market since 2018 and currently owns and operates more than 65 MWdc of projects across seven states.Business Wire+1ReVision Energy+1
The fund’s success is attributed to strong partnerships with development firms like ReWild Renewables, which developed two of ASP6’s current projects in Delaware. Pat Jackson, co-founder of ReWild Renewables, noted the importance of reliable partners in the current market landscape.Business Wire+2Business Wire+2Business Wire+2
ASP6 is scheduled to make its initial cash distribution to investors in 2025, with plans for annual distributions thereafter. Ultimately, the operating portfolio is expected to be sold to institutional investors following the tax recapture period.Business Wire
Sources:
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Business Wire: “Aligned Climate Capital Closes Largest Solar Fund to Date, Above $200 Million Target” (May 12, 2025)Business Wire+1Business Wire+1
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Business Wire: “Aligned Climate Capital Closes Second Venture Fund at $85M to Scale Clean Energy Companies” (March 11, 2025)WSJ+4Business Wire+4Business Wire+4
For more information, visit Aligned Climate Capital’s website.
