WESTPORT, Conn. and WASHINGTON, April 28, 2023 /PRNewswire/ — True Green Capital Management LLC (“TGC”), a renewable energy infrastructure investment firm, and CleanChoice Energy (“CleanChoice”), the cleantech company that easily empowers people and businesses to access climate solutions, are pleased to announce that they have signed definitive documentation for funds managed by TGC to acquire a majority ownership in CleanChoice and provide dedicated capital to fund CleanChoice’s solar development pipeline. The transaction is subject to customary closing conditions as well as regulatory approval and is expected to close in the next 60 to 90 days. The transaction will fuel CleanChoice’s growth as the first 100% independent green gen-tailer in the US, operating at both ends of the value chain by owning solar generation assets and selling renewable energy to customers in multiple competitive markets across the US.
