Generate Capital and KeyState Expand Partnership with $154.5 Million Community Solar Tax Equity Fund
Generate Capital has closed a $154.5 million tax equity commitment with SOLCAP, KeyState's investment platform, to support ten community solar projects across New York and Illinois totaling 43 MWac. This marks the sixth such fund between Generate and KeyState since their partnership began in 2021, reflecting strong institutional demand for clean energy infrastructure investments. The new commitment follows a $85 million Fund X announced earlier this year by the two firms. In total, Generate has secured over $1.6 billion in financing commitments in 2026 to support its critical infrastructure deployment goals. Both companies emphasized their long-term collaboration and ability to deliver high-quality community solar projects at scale. Generate Capital entered the community solar market in 2017 and now operates one of the leading platforms in this sector, leveraging relationships with developers and capital providers.
Topics: clean_energy_infrastructure community_solar tax_equity_funding