Manulife Committing $300 Million to Solar Company CleanCapital
- CleanCapital to invest in solar and storage projects
- Manulife Investment Management taking a majority stake
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Manulife Investment Management committed $300 million to invest in CleanCapital, an owner and operator of U.S. solar assets.
The insurance giant took a majority stake in CleanCapital, said Thomas Byrne, CEO of the New York-based solar and energy storage company. The size of the stake will grow as CleanCapital invests the Manulife funding. Terms weren’t disclosed.