Generate Capital, an investor, owner and operator of critical infrastructure, announced on September 15 the closing of a $117-million term debt facility with MUFG. The financing supports Generate's Community Solar Fund 11, a portfolio comprising 18 projects and 114-MWdc across Illinois and New York. The transaction marks Generate's first community solar financing with MUFG and expands the company's network of institutional financing partners.
The facility adds to significant capital formation momentum for Generate in 2026. During the first half of the year, the company closed approximately $1.4 billion of financing commitments across community solar, battery energy storage systems and energy efficiency. First-half highlights included a 104-MW community solar portfolio alongside Monarch Private Capital, supporting more than 15 projects expected to deliver approximately $200 million in investment tax credits, and a $61-million senior secured U.S. Private Placement for energy efficiency projects.
The transaction reflects continued institutional demand for high-quality infrastructure assets with long-term contracted cash flows, according to the contributed content. Ed Bossange, Chief Capital Formation Officer at Generate Capital, said the closing "further expands our financing partner network and provides additional capital to support the continued growth of our community solar platform." MUFG managing director Fred Zelaya noted Generate's "strong track record of developing and operating high-quality distributed energy assets."
The announcement does not specify the interest rate, maturity, or other terms of the term debt facility. It also does not detail the expected operational timeline for the 18 projects, the specific communities or businesses that will receive power, or how the financing compares with Generate's prior community solar debt arrangements. The content was contributed by communications teams for Generate Capital and MUFG, and no independent verification of the figures was provided in the source.