Aligned Climate Capital closes first close of $500M distributed solar and storage fund (ASP7) with institutional investors
Type: Financing · Technology: Solar, Storage · Country: United States · Capacity: 500 MW · Value: $500M · Announced: 2026-09-01
Aligned Climate Capital completed the first close of its $500 million Aligned Solar Partners 7 (ASP7) fund, a middle-market infrastructure vehicle focused on distributed solar and energy storage projects in the United States. The fund targets construction-ready projects sourced from development partners, with ASP7 already identifying over 500 megawatts of potential projects across multiple states. Institutional investors, including the Bush Foundation, participated in the first close, providing capital to finance construction and operational management of the assets. As of June 30, Aligned has acquired 56 projects across 10 states through its ASP funds, generating over 218 gigawatt-hours of clean energy. Recent transactions include construction financing for two Delaware community solar projects and the acquisition of a community solar project in Illinois.
Analysis
Aligned Climate Capital announced the first close of its $500 million Aligned Solar Partners 7 (ASP7) fund, a financing for distributed solar and energy storage projects in the United States. Institutional investors, including the Bush Foundation, participated in this first close, providing capital for construction and operational management. As of June 30, Aligned Climate Capital has acquired 56 projects across 10 states through its ASP funds, generating over 218 gigawatt-hours of clean energy. The ASP7 fund targets construction-ready projects sourced from development partners and has already identified over 500 megawatts of potential projects across multiple states. Recent transactions include construction financing for two Delaware community solar projects and the acquisition of a community solar project in Illinois.
Key points
- Aligned Climate Capital closed the first close of its $500 million Aligned Solar Partners 7 (ASP7) fund.
- The fund focuses on distributed solar and energy storage projects in the United States.
- Institutional investors, including the Bush Foundation, participated in the first close.
- ASP7 targets 500 megawatts of potential projects.
- As of June 30, Aligned has acquired 56 projects across 10 states, generating over 218 gigawatt-hours.
Counterparties
- Bush Foundation (Investor)
- Aligned Climate Capital (Borrower)
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