CarbonFree Technology
CarbonFree Technology is a Toronto-based private solar developer and long-term asset owner that originates, finances, constructs, and operates commercial, industrial, and utility-scale solar projects across Canada, the United States, and Chile.
- Company typePrivate
- Founded2006
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CarbonFree Technology does
CarbonFree Technology is a Toronto-based private solar project developer, financier, constructor, and long-term asset owner founded in 2006. The company provides end-to-end services across four pillars: project origination and development, transaction and acquisition structuring, construction management, and asset management and ownership. It targets commercial, industrial, and utility-scale solar and energy storage projects across Canada, the United States, and Chile, with a particular specialization in Chile's PMGD small distributed generation program (each project up to 9 MW AC) and in Ontario's IESO contracting process.
CarbonFree finances projects by raising debt and equity capital — the company reports more than US$2 billion in project capital raised through syndicated bank financings, bond issuances, and tax-equity structures, with repeat institutional partners including Connor, Clark & Lunn Infrastructure and Samsung. Unlike many developers that sell projects after commissioning, CarbonFree typically retains long-term ownership, generating recurring revenue through power purchase agreements with utilities and C&I off-takers, asset management fees on more than 30 operating projects, and I-REC certificate sales from its Chilean portfolio. Notable owned or developed assets include the 140 MW Kingston Solar project (Canada's largest solar farm at commissioning), the 130 MW DC Grand Renewable Solar project, and over 50 PMGD projects in Chile.
The company is expanding its product surface into battery storage and hydrogen storage solutions, and in April 2026 was awarded 381 MW across three IESO contracts in Ontario, signaling a renewed push into Canadian utility-scale solar following the 2021 divestiture of the BrightRoof Solar LP Ontario portfolio. CarbonFree also maintains structured partnerships with Indigenous communities (Six Nations of the Grand River, Métis Nation of Ontario) for project co-development.
CarbonFree Technology firmographics
Firmographics- Name
- CarbonFree Technology
- Legal name
- CarbonFree Technology Inc
- Website
- https://carbonfree.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CarbonFree Technology is a Toronto-based private solar developer and long-term asset owner that originates, finances, constructs, and operates commercial, industrial, and utility-scale solar projects across Canada, the United States, and Chile.
- Ownership category
- akta.pro rank
CarbonFree Technology industry classification
Industry- Product category
- Solar Power Project Development and Financing
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industry
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
Keywords
Where CarbonFree Technology is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
CarbonFree Technology business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar Project Development and Ownership: CarbonFree develops, finances, constructs, and long-term owns utility-scale and commercial solar projects. Revenue is generated through power purchase agreements with utilities and commercial/industrial energy users, providing recurring long-term revenue streams.
- Asset Management Services: CarbonFree manages more than 30 operating solar projects owned by affiliated funds, providing services including asset management, operations & maintenance oversight, performance optimization, billing, settlement, regulatory compliance, landlord relations, and warranty management.
- I-REC Certificate Sales: CarbonFree sells I-RECs (International Renewable Energy Certificates) generated by its Chilean solar projects. These certificates can be purchased by entities seeking to offset electricity from non-renewable sources.
- Project Acquisition and Transaction Services: CarbonFree structures and negotiates transactions for acquisition of existing solar projects and portfolios, generating fees from transaction structuring and advisory services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
CarbonFree Technology product offering
Product offeringCore offering
CarbonFree Technology develops, finances, constructs, and long-term owns commercial and utility-scale solar photovoltaic projects across Canada, the United States, and Chile, with developing capabilities in battery and hydrogen energy storage. The company provides four integrated service pillars — project origination and development, transaction and acquisition structuring, construction management, and asset management — and has deployed more than 740 MW of solar capacity across over 120 installations.
Product overview
CarbonFree Technology operates as a single integrated solar and storage solutions platform, offering end-to-end services from project origination and development through financing, construction management, and long-term asset ownership. The core offering consists of four interconnected service pillars: Solar Project Development, Solar Project Financing, Construction Management, and Asset Management and Ownership. The company is expanding its portfolio with developing Battery Storage Solutions and Hydrogen Storage Solutions. CarbonFree also manages specialized funds including BrightRoof Solar LP and the Chilean PMGD Solar Fund, and offers I-REC Certificates from their Chilean solar projects. Founded in 2006, the company has completed over 100 projects across North America and Chile, ranging from commercial rooftops to 140 MW utility-scale solar farms.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Project Origination and Development CarbonFree works with property owners and energy users to identify and develop commercial and utility-scale solar power and energy storage solutions, assessing business models, designing state-of-the-art systems, selecting and contracting with engineering and construction firms, and managing the permitting process.
- Solar Project Transaction and Acquisition Services CarbonFree structures and negotiates legal and financial agreements for new solar and energy storage projects as well as for the acquisition of existing projects and portfolios, drawing on 15 years of renewable energy legal and financial transaction experience including debt, equity, and tax equity investments.
- Solar Construction Management CarbonFree provides hands-on construction management services for solar projects, managing EPC contracts, O&M contracts, and day-to-day construction activities, with experience on some of the largest solar projects built in North America.
- Solar Asset Management and Long-Term Ownership CarbonFree manages more than 30 operating solar projects owned by affiliated funds, providing asset management, selection and oversight of operations & maintenance providers, performance optimization, billing, settlement, regulatory compliance, landlord relations, and warranty management.
- I-REC (International Renewable Energy Certificate) Sales CarbonFree registers and sells International Renewable Energy Certificates (I-RECs) generated by its solar projects in Chile through the I-REC Standard global electronic registry, available for purchase by entities seeking to offset electricity from non-renewable sources.
Quantifiable outcome
- 740+ MW of solar projects deployed, generating clean energy for approximately 93,000 homes
- +2 more outcomes
Companies that use CarbonFree Technology
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
CarbonFree Technology technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
CarbonFree Technology partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- GrenergycoreGrenergy sold four solar projects to CarbonFree in 2017 (65 MW of PV projects in Chile) and signed construction contracts. This acquisition was part of CarbonFree's expansion into the Chilean PMGD market.
- Six NationscoreIndigenous community partnership for solar project development. Six Nations of the Grand River partnered with Samsung and Connor, Clark & Lunn Infrastructure on solar projects including Kingston Solar, representing a model for indigenous community participation in renewable energy.
- Métis Nation of OntariocoreEstablished Métis Nation of Ontario – BrightRoof Solar LP, a partnership fund owning and operating rooftop and ground-mounted solar projects across Ontario. CarbonFree oversaw all aspects of project acquisition, development, construction and commissioning.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
CarbonFree Technology competitors and assessment
Company assessmentDirect peers
- Boralex: Major Canadian-headquartered renewable energy developer and IPP with utility-scale solar, wind, and storage assets. Directly comparable to CarbonFree in geography (Canada), technology (solar PV), and business model (developer-owner-operator).
- Innergex Renewable Energy: Canadian independent renewable power producer that develops, owns, and operates hydro, wind, and solar facilities across North America. Closely comparable to CarbonFree's developer-owner-operator model with utility-scale and distributed solar exposure.
- Recurrent Energy: Subsidiary of Canadian Solar focused on utility-scale solar project development, financing, and ownership in North America. Highly comparable business model of origination-to-long-term ownership with deep project finance capability.
- Cypress Creek Renewables: US-based solar project developer and long-term owner with a focus on distributed and utility-scale projects. Comparable to CarbonFree's C&I rooftop/parking canopy and utility-scale development focus, particularly across the US footprint.
- Lightsource bp: Global utility-scale solar developer and long-term owner, with growing US, Canadian, and Latin American pipelines. Comparable end-to-end development-to-asset-management model and similar institutional capital partnership approach.
- Grenergy: Latin America-focused solar and storage developer active in Chile, Peru, Colombia, and Spain. Directly comparable as a PMGD-market counterpart in Chile; previously transacted with CarbonFree (sold 65 MW of PV projects in 2017).
Broad incumbents
- Brookfield Renewable Partners: One of the world's largest publicly traded renewable IPPs with hydro, wind, solar, and storage across the Americas and globally. Competes with CarbonFree for utility-scale solar RFPs and institutional capital in North and South America.
- EDF Renewables: Global renewable energy developer and IPP owned by EDF, with significant solar, wind, and storage development in North America and Latin America. Overlaps with CarbonFree in distributed/utility-scale solar and storage pipeline development.
- Canadian Solar: Vertically integrated solar manufacturer and developer; its CSI Solar subsidiary develops utility-scale solar projects globally. Comparable through both project development and asset ownership, and an existing module supplier to CarbonFree's Kingston Solar project.
Emerging players
- Sonnedix: Global solar independent power producer with significant operations in Chile (including PMGD-adjacent projects). Comparable long-term owner-operator model in Chile's distributed generation market where CarbonFree has built a 50+ PMGD portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
CarbonFree Technology social profiles
Digital presenceCarbonFree Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
CarbonFree Technology leadership team
Management profileNumber of profiles
Profiles9 records
CarbonFree Technology subsidiaries and ownership
Company hierarchySubsidiaries2 records
CarbonFree Technology funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CarbonFree Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CarbonFree Technology
What does CarbonFree Technology do?
CarbonFree Technology develops, finances, constructs, and long-term owns commercial and utility-scale solar photovoltaic projects across Canada, the United States, and Chile, with developing capabilities in battery and hydrogen energy storage. The company provides four integrated service pillars — project origination and development, transaction and acquisition structuring, construction management, and asset management — and has deployed more than 740 MW of solar capacity across over 120 installations.
Is CarbonFree Technology a public or private company?
CarbonFree Technology is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CarbonFree Technology founded?
CarbonFree Technology was founded in 2006. It employs 11 to 50 people.
Where is CarbonFree Technology based?
CarbonFree Technology is headquartered in Toronto, Canada, in the North America region.
How does CarbonFree Technology make money?
Four revenue lines are on record. Solar Project Development and Ownership is the primary driver. The others are asset Management Services, I-REC Certificate Sales and project Acquisition and Transaction Services.
Who are CarbonFree Technology's main competitors?
Direct peers on record are Boralex, Innergex Renewable Energy, Recurrent Energy, Cypress Creek Renewables, Lightsource bp and Grenergy. Broad incumbents are Brookfield Renewable Partners, EDF Renewables and Canadian Solar. Sonnedix is listed as an emerging player.
Does CarbonFree Technology have an API?
No public API is recorded for CarbonFree Technology.
What industry is CarbonFree Technology in?
CarbonFree Technology's product category is Solar Power Project Development and Financing. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro). Its NAICS code is 221114 and its SIC code is 4991.