Generate Capital Closes $117 Million Community Solar Financing with MUFG

New term debt facility marks Generate's first community solar financing with MUFG and builds on $1.4 billion
of financing commitments in the first half of 2026

SAN FRANCISCO, Sept. 15, 2026 /PRNewswire/ -- Generate Capital ("Generate"), a leading investor, owner and operator of critical infrastructure, today announced the closing of a $117 million term debt facility with MUFG to finance a portfolio of community solar projects. The transaction marks Generate's first community solar financing with MUFG and further expands the company's network of leading institutional financing partners.

The facility supports Generate's Community Solar Fund 11, comprising 18 projects / 114MWdc across Illinois and New York. The financing will support Generate's continued investment in community solar infrastructure that expands access to reliable and affordable power for communities and businesses.

"The closing of this facility with MUFG further expands our financing partner network and provides additional capital to support the continued growth of our community solar platform," said Ed Bossange, Chief Capital Formation Officer at Generate Capital. "Combined with the significant financing activity we completed during the first half of the year, this transaction reflects the strength of our platform and our ability to attract capital from leading institutions across a diverse range of infrastructure solutions."

"We are pleased to partner with Generate on this financing and support the continued growth of its community solar platform," said Fred Zelaya, Managing Director at MUFG. "Generate has built a strong track record of developing and operating high-quality distributed energy assets, and this transaction reflects our shared commitment to financing critical infrastructure that delivers reliable, affordable power to communities across the country."

The transaction builds on 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 a diversified portfolio of infrastructure investments spanning community solar, battery energy storage systems and energy efficiency.

First-half highlights included:

• The closing of a 104 MW community solar portfolio alongside Monarch Private Capital, supporting more than 15 community solar projects expected to deliver approximately $200 million in investment tax credits.
• A $61 million senior secured U.S. Private Placement to finance energy efficiency projects for a leading investment-grade industrial customer. The 15-year construction-to-term financing represents Generate's inaugural 4(a)2 U.S. Private Placement, further diversifying the firm's funding sources and financing partner base.

Generate's recent financing activity reflects continued institutional demand for high-quality infrastructure assets with long-term contracted cash flows, as well as the company's ability to structure financing solutions across multiple infrastructure sectors.

About Generate Capital

Generate Capital is an investor and operator providing reliable and affordable energy solutions to customers for over a decade. Founded in 2014, Generate focuses on accelerating the energy transition by helping large energy users access power and connection faster in a grid constrained world. The firm supports data centers and other power-intensive facilities with multi-technology scalable energy infrastructure solutions, combining deep investment expertise with hands-on operating capabilities. Since inception, Generate has raised more than $16 bn in capital and built a proven track record across critical infrastructure assets. 

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups with over 360 years of history. Headquartered in Tokyo, MUFG has a global network with approximately 2,000 locations in more than 40 countries. MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. For locations, banking capabilities and services, career opportunities, and more, visit https://www.mufgamericas.com/.

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SOURCE Generate Capital