en.Wedoany.com Reported - This week, multiple distributed solar developers in the United States completed project financing across several states, involving the Maryland Clean Energy Center, Aligned Climate Capital in Delaware, and Catalyst Power in Connecticut.
The Maryland Clean Energy Center supported approximately 2.72 MW of rooftop solar capacity through a capital deployment structured in three drawdowns. Kathy Magruder, Executive Director of the center, stated that providing the working capital needed to bridge the gap between design and construction aims to ensure solar and storage benefit the communities most in need while preserving millions of dollars in federal incentives. The program is expected to benefit 2,422 affordable housing units across six jurisdictions: Anne Arundel County, Baltimore County, Baltimore City, Harford County, Howard County, and Prince George's County.
The financing relies on a $4.5 million revolving credit facility (SRF), established in partnership with the Maryland Energy Administration, designed to address early-stage financing gaps for solar and storage deployment in multifamily affordable housing. The credit facility operates on a revolving model, with repayments recycled into new clean energy deployments through 2030 to amplify the impact of the initial $5 million Strategic Energy Investment Fund grant. The facility is used by Enterprise Community Development to cover upfront costs such as engineering, procurement, and grid interconnection, ensuring projects meet federal safe harbor requirements by the December 31, 2025 deadline. The funding also supports the deployment of battery energy storage systems (BESS) and solar carports at selected sites to enhance resilience and provide backup power.
In January 2026, Maryland Governor Wes Moore launched the $70 million Solar and Energy Storage Gap Financing Programme, investing in local solar and storage projects across the state. Established under the Lower Bills and Local Power Act and managed by the Maryland Energy Administration through the Strategic Energy Investment Fund, the program aims to address federal policy changes by targeting "shovel-ready" solar-plus-storage projects to improve energy affordability in the state.
New York-based independent power producer Aligned Climate Capital completed $33 million in construction financing for two community solar projects in Delaware, covering Rifle Range Solar in Bridgeville and Delaware Avenue Solar in Harrington, both under Aligned's Solar Partners 6 (ASP6) fund. The combined portfolio totals approximately 11.8 MW DC and is currently under construction, with financing supported by Live Oak Bank's renewable energy lending team. Peter Davidson, CEO of Aligned Climate Capital, stated that community solar is a vital part of the nation's energy infrastructure, providing clean power to communities; Live Oak Bank understands how to finance such projects, and their support will help Rifle Range Solar and Delaware Avenue Solar reach commercial operation. The assets were developed by ReWild Renewables, constructed by Solar Gaines, and participate in Delaware's Community Energy Facility programme, which requires at least 15% of subscribers to be low-income customers. These projects qualify for the Investment Tax Credit (ITC) under the Inflation Reduction Act (IRA), with Delaware Avenue Solar eligible for an additional 10% bonus credit due to its location in an energy community in Kent County.
Aligned Solar Partners invests in distributed solar, storage, and related infrastructure, operating 72.4 MW of distributed solar capacity with an additional 44.8 MW under construction, targeting a 150 MW portfolio across seven U.S. states through ongoing development-stage deployments with commercial financing partners.
Catalyst Power and the Connecticut Green Bank completed financing for a distributed solar portfolio totaling 1,025 kW DC across five sites in Hartford and Trumbull, Connecticut. The portfolio primarily consists of rooftop systems under 200 kW on commercial buildings, a market segment typically constrained by high fixed transaction costs. Gabriel Phillips, CEO of Catalyst Power, stated that as project economics face pressure from rising costs, financing complexity, and fluctuating federal incentives, projects of this scale are increasingly difficult to deploy. The partnership aims to improve deployment efficiency through standardized engineering, streamlined due diligence processes, and workflows tailored for distributed solar assets. Catalyst Power operates across 11 U.S. states and 33 utility territories, serving over 8,500 customers in manufacturing, industrial, hospitality, education, and commercial real estate sectors.
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