Solar Investment Funds

Aligned Climate Capital held the first close of the Aligned Solar Partners 7 fund, targeting $500 million to acquire, finance and manage mid-market solar and energy storage projects nationwide. The fund builds on six infrastructure funds the firm has managed since 2018, which have collectively acquired 56 projects across 10 states and generated more than 218 GWh of clean energy.

The first close included commitments from returning investors, including the Bush Foundation, and comes as solar and storage account for most new U.S. power capacity additions. Aligned has already identified more than 500 MW of potential projects for the new fund, building on recent activity, including community solar acquisitions in Delaware and Illinois.

Aligned's approach signals that specialized mid-market financing could help the solar and storage sector keep pace with capacity needs more quickly than slower-to-build alternatives.