Climate Changed
Generate Capital Raises $200 Million to Back Clean Energy
- Alaska Permanent Fund led funding round for Generate
- Company has backed fuel cell, water-treatment projects
Solar panels stand at the Enbridge Inc. Sarnia Solar Farm in Sarnia, Ontario, Canada, on Friday, July 21, 2017. The Sarnia Solar Farm, which became fully operational in the fall of 2010, was at the time one of the largest photovoltaic solar farms in the world. It was also Enbridge's first ever foray into solar energy, costing $400 million.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Generate Capital Inc., a clean-energy financing company, raised about $200 million in new equity to back battery-storage and other distributed-energy projects.
Alaska Permanent Fund Corp., a state-owned entity based in Juneau, led the round, San Francisco-based Generate said in a statement Tuesday.