SunVest Solar Closes $67M Capital Raise and Tax Credit Transfer
Financing unlocks capital to advance company’s industry-leading development pipeline
CHICAGO — SunVest Solar today announced the close of a $67 million capital raise consisting of a $47 million tax credit transfer to a global insurance brokerage company and a $20 million equipment loan with Live Oak Bank. The investment tax credits (ITCs) are associated with a 26-megawatt portfolio of community solar projects developed, built, and owned by SunVest that were placed-in-service in 2025.
“Today’s announcement is a testament to SunVest’s strong position in the distributed generation solar market and our team’s ability to execute complex financing structures under demanding circumstances,” said CEO Bram Walters. “SunVest is focused, diligent, and prepared to deliver our robust project pipeline into energization as federal deadlines approach.”
The combined $67 million capital raise primarily serves three strategic objectives:
- Start of construction on nearly 500 MW of projects. The $20 million equipment loan with Live Oak Bank unlocks working capital previously deployed to initiate construction on nearly 500 MW of projects, returning capital to SunVest’s balance sheet for redeployment. The projects will be placed-in-service over the next several years, each qualifying for federal ITCs.
- Retire bridge financing on a completed Illinois portfolio. Proceeds from the $47 million ITC transfer repaid bridge financing on the portfolio of community solar projects which were placed-in-service in 2025. The portfolio has reached substantial completion in 2026 with permanent senior debt provided under SunVest’s existing three-bank syndicated warehouse facility.
- Fund 75 MW of new construction starts. Incremental working capital supports commencement of construction on 75 megawatts of solar and solar-plus-storage projects across Illinois and Minnesota, including 30 MW of paired battery storage.
“The equipment facility provides a capital-efficient mechanism to de-risk pipeline economics ahead of construction financing. We are proud to complete this effort with our trusted financing partners” said L Lindblom, SunVest Solar VP of Structured Finance.
COMPANY OUTLOOK
With closing of the above financings, in addition to its existing facilities, SunVest is currently on track to exceed 280 MW of operating projects by year-end 2026. The company’s integrated platform and deep development pipeline position SunVest to reach 1 gigawatt of assets under management by 2030.
ABOUT SUNVEST SOLAR
SunVest Solar is a vertically integrated developer and owner-operator of distributed generation solar projects focused on cultivating clean energy across North America. Founded in 2009 and headquartered in Chicago, Illinois, the company has a long track record of converting greenfield pipeline into owned, operating assets — with expertise across development, financing, construction, and operations managed entirely through its in-house platform. For more information, visit SunVest.com.
