Captona and Scale Microgrids have acquired and financed a portfolio of community solar and microgrid assets across New York and California.
Captona Enhances Equity Strategy and Tax Credit Value
This recent investment advances Captona’s preferred equity strategy, allowing its partner, Scale, to maximize the value of their investment tax credits. The deep knowledge each party brings to renewable energy financing, combined with Scale’s operational expertise, will significantly enhance the value of this strategic investment.
“Captona is excited to finalize another investment through our rapidly growing preferred equity strategy. This portfolio of microgrids and community solar projects offers reliable, sustainable energy solutions that bolster energy independence and grid resilience. As an energy transition investment firm, we see these asset classes as a perfect addition to our existing portfolio of RNG, fuel cells, storage, and solar,” said Izzet Bensusan, CEO and Founder of Captona.
Captona and Scale Partner to Monetize Investment Tax Credits
Julian Torres, Chief Investment Officer of Scale Microgrids, elaborated on the transaction: “Captona’s partnership enables Scale to unlock the portfolio’s value. Scale remains dedicated to delivering more affordable, cleaner, and resilient power to our customers and community stakeholders. This transaction has effectively utilized new avenues to monetize investment tax credits under Section 6418.”
Captona’s Renewable Energy Expansion
Captona is a prominent North American investment firm specializing in the energy transition and decarbonization. Based in New York City, Captona oversees $2 billion in enterprise value and manages over 30 projects across North America. Focused on solar, storage, fuel cell, and RNG assets, Captona leads with innovative strategies that combine financial returns with environmental benefits.
Through its diverse portfolio and strategic partnerships, Captona empowers businesses and communities to adopt clean energy solutions, helping advance a sustainable future.
Scale’s Integrated Platform Powers Diverse Renewable Projects
Scale is a vertically integrated energy company that specializes in designing, building, financing, owning, and operating distributed energy assets. The company fosters the expansion of distributed energy by offering financing to developers and empowering large energy consumers with microgrid solutions that integrate solar, batteries, and other on-site resources.
All projects utilizing Scale’s vertically integrated platform to progress from development through construction and financing have now been commissioned. Scale will continue to own, operate, and maintain these ventures. The projects encompass a microgrid powering a pioneering off-grid cold storage facility, another microgrid enhancing energy savings and resilience for a California municipal water district, and community solar projects delivering cost savings to utility customers in New York.
This collaboration underscores their shared commitment to driving sustainable energy solutions while maximizing financial returns through innovative investment strategies and operational excellence.