True Green Capital Management

Name

True Green Capital Management

Legal name

True Green Capital Management LLC

Website

https://truegreencapital.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Fund Management

NAICS

Other Financial Vehicles (52599), Other Investment Pools and Funds (5259)

SIC

Finance Services (6199), Investors, Nec (6799)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

akta.pro secondary industry

Climate Finance Funds & Green Investment Facilities (BPADACAH)

Keywords

• Distributed solar investing
• Renewable infrastructure funds
• Solar asset management
• Energy transition private equity
• Community solar development

Headquarters

HQ city

Westport

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management: TGC operates as a specialist distributed power generation infrastructure fund manager, managing private funds that invest in distributed solar and storage assets. The firm generates returns through fund management fees and carried interest from its flagship funds (Funds I-IV).
2. Project Equity Investment: Direct equity investment into small to mid-sized solar projects and storage projects, supporting construction and long-term operations to generate stable, long-term cash flows.
3. Developer Loans: Flexible loans provided to developers in key markets to support project execution while minimizing direct development risk.
4. Corporate Equity: Controlling equity positions in solar companies at the corporate level to support growth and secure a robust project pipeline.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

True Green Capital Management is a specialist distributed power generation infrastructure fund manager that originates, finances, constructs, operates, and exits distributed solar and storage assets through its four flagship private funds (Funds I–IV). The firm invests directly in projects under long-term power purchase agreements, provides flexible construction financing to developers, takes controlling equity positions in solar companies, and operates an in-house asset management and technical operations platform covering over 600 MW of operating capacity across 18 U.S. states and Europe.

Product overview

True Green Capital Management is a specialist distributed power generation infrastructure fund manager with four flagship funds (Funds I-IV) that invest across the U.S., UK, and Europe. The firm operates a platform-plus-capability model comprising: (1) Fund Management vehicles providing institutional-quality investment in distributed solar and storage assets; (2) Three core investment products—Project Equity (direct equity in solar/storage projects), Developer Loans (construction financing), and Corporate Equity (controlling positions in solar companies); (3) Community Solar Programs for residential and commercial subscribers; and (4) In-house technical asset management capabilities leveraging proprietary algorithms for performance monitoring and optimization. The firm has built and operated approximately 1 GW of distributed projects and currently manages over 600 MW of operating solar assets across 18 U.S. states and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Distributed Power Generation Infrastructure Funds (Funds I–IV) Flagship private equity infrastructure funds that acquire, finance, construct, and manage distributed solar and storage assets across the U.S. and Europe, offered to pre-qualified accredited investors seeking institutional-quality renewable energy infrastructure exposure.
• Project Equity Investment Direct equity investments into small to mid-sized solar and storage projects, supporting construction and long-term operations to generate stable, long-term contracted cash flows under 15–25 year power purchase agreements with investment-grade commercial and industrial customers.
• Developer Loans Flexible loan facilities extended to solar project developers in key regional markets to support project execution and construction, minimizing direct development risk while providing capital to construction-ready distributed generation projects.
• Corporate Equity Controlling equity positions in operating solar companies at the corporate level to support their growth and secure a robust project pipeline, including take-private transactions of listed renewable energy infrastructure companies.
• Community Solar Programs Subscribable community solar projects that deliver the benefits of distributed solar to households and businesses unable to host on-site rooftop systems, allowing subscribers to access clean local power with reductions in their electricity bills.
• In-House Asset Management and Technical Operations Proprietary in-house technical capabilities—including algorithms for weather-adjusted performance reporting, remote desktop access to digitalized power plants, and proactive maintenance with same-day reaction times—that optimize the performance of TGC's distributed solar operating portfolio across 18 U.S. states and Europe.

Quantifiable outcome

• 1 GW of distributed projects built and operated
• +6 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Five partnerships are on record, tiered significant, strategic and minor.

• Gresham House Renewable Energy VCT 1 PLC and VCT 2 PLCsignificantOthers · 22 June 2026TGC acquired approximately 20.3 MW DC of operating solar assets from Gresham House Renewable Energy VCT 1 PLC and VCT 2 PLC. The six solar projects have been operating since 2011 with 25-year Feed-in Tariffs contracted through 2036. This was TGC's second take-private of UK-listed assets.
• Ecofin US Renewables Infrastructure Trust PLCsignificantOthers · 10 March 2025TGC acquired approximately 64 MW DC of operating solar assets from Ecofin US Renewables Infrastructure Trust PLC (London Stock Exchange Listed). The 62 geographically diversified projects span seven states and four power markets (PJM, CAISO, ISO-NE, MISO).
• CleanChoice EnergystrategicStrategic or Co-development PartnerTGC made investments in Clean Choice Energy and led the Firm's expansion into community solar. The firm played a key role in originating the Clean Choice Energy relationship, establishing TGC as a recognized leader in the rapidly growing community solar sector.
• SunEnergy1strategicStrategic or Co-development PartnerTGC played a key role in originating the SunEnergy1 operating portfolio investment. SunEnergy1 represents one of TGC's significant portfolio company investments.
• UK Energy RetailersminorOthersPower Purchase Agreement counterparties - UK energy retailers that purchase power from TGC's UK solar projects under long-term PPAs.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Generate Capital: Specialist distributed infrastructure and renewable energy fund manager that originates, finances, and owns distributed energy and resilience assets for institutional investors — directly comparable to TGC's distributed solar fund model.
• CleanCapital: Investment platform focused on acquiring, operating, and scaling distributed solar and storage assets — closely comparable to TGC's sub-utility solar aggregation strategy.
• Altus Power: Owner-operator of commercial-scale distributed solar and storage across the US — a direct comparable in the C&I distributed solar segment where TGC invests under long-term PPAs.
• Standard Solar: Distributed solar owner-operator and developer serving commercial, community, and government customers — directly comparable to TGC's distributed solar project equity strategy.
• NextEnergy Capital: UK-based specialist solar infrastructure fund manager — a directly comparable peer given TGC's UK take-private activity and FiT-contracted assets.
• Greencoat Capital: UK renewable infrastructure fund manager with solar and wind assets — directly comparable as a fellow UK-focused renewable infra specialist operating alongside TGC in listed-asset take-privates.

Broad incumbents

• Brookfield Renewable: One of the world's largest publicly listed renewable power platforms; a broad incumbent in renewable infrastructure investing that increasingly competes for distributed assets at scale.
• KKR Global Infrastructure: Large-scale infrastructure investor actively deploying capital into renewable power — sets the competitive ceiling on distributed solar deal pricing and fundraising scale.
• Macquarie Asset Management: Global infrastructure asset manager with significant renewable energy exposure — broad incumbent peer for institutional capital competition in distributed generation.
• EQT Infrastructure (Cypress Creek Renewables): Large infrastructure platform that owns Cypress Creek Renewables, a major US distributed solar developer/owner — competes for distributed solar assets and capital across the same US footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about True Green Capital Management