Blue Planet Funding
Blue Planet Funding is a privately held specialty finance and development firm that provides construction-to-permanent financing and co-development services for solar energy and battery storage assets, primarily serving small and mid-sized solar developers facing capital constraints across the United States and Puerto Rico.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Blue Planet Funding does
Blue Planet Funding is a privately held specialty finance and development company that finances and structures the development, construction, and long-term ownership of solar energy and battery storage assets, primarily serving small and mid-sized solar developers who face capital constraints and liquidity issues in capturing the full value chain of their projects. Founded in 2016 and headquartered in Miami, Florida, the company operates a construction-to-permanent financing model that commits up to 100% of the capital required for construction and pairs it with long-term financing matched to the asset's lifecycle, materially reducing the total cost of capital for its developer partners. Its core product suite comprises construction-to-permanent financing, a proprietary web-based portfolio management platform for asset monitoring, O&M compliance, and reporting, and de-novo solar project development alongside co-development partnerships.
The company generates revenue through transaction-based financing fees, development and structuring fees, and returns from tax equity investments and long-term project ownership. Blue Planet Funding targets large commercial & industrial and utility-scale solar assets, with a project portfolio spanning Texas, Massachusetts, Maryland, Florida, Georgia, Tennessee, and Puerto Rico, including flagship deals such as a 683 MW project in Deaf Smith County, TX and a 323 MW project in Texas. Its go-to-market is direct, enterprise-style B2B sales: the CEO manages investor relationships personally, while a dedicated Originations team runs developer outreach through dedicated email channels and an Expression of Interest form on the company website. The company maintains wholly-owned project subsidiaries (JAX Solar Developers, Meagher Solar, Rossville Solar, GTR Greenfield Millbrook Solar) and a jointly controlled affiliate (AFI Solar Capital Solutions), and is led by a team with prior experience at Merrill Lynch, Morgan Stanley, a $7B+ private equity firm, the Washington Post Company, and the prior renewable energy venture Sol-Wind.
Blue Planet Funding firmographics
Firmographics- Name
- Blue Planet Funding
- Legal name
- Blue Planet Funding
- Website
- https://blueplanetfunding.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Blue Planet Funding is a privately held specialty finance and development firm that provides construction-to-permanent financing and co-development services for solar energy and battery storage assets, primarily serving small and mid-sized solar developers facing capital constraints across the United States and Puerto Rico.
- Ownership category
- akta.pro rank
Blue Planet Funding industry classification
Industry- Product category
- Renewable Energy Project Finance
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Miscellaneous Business Credit Institution (6159), Investors, Nec (6799)
- akta.pro primary industry
- Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)
- akta.pro secondary industries
- Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Energy Efficiency & Green Retrofit Financing (FSALAHAK), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
Keywords
Where Blue Planet Funding is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Blue Planet Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Project Financing: BPF provides construction and term financing for solar projects, committing up to 100% of capital needed to construct a project, as well as long-term financing to match the asset's lifecycle. Revenue is generated through financing fees, interest income, and equity returns from project ownership.
- Development and Structuring Fees: Fees earned from developing and structuring renewable energy projects, including co-development arrangements with partners and late-stage development services.
- Tax Equity Investment: The company has raised over $300 million of tax equity and invested over $100 million in renewable energy projects, generating returns through tax benefits and equity appreciation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized financing solutions tailored to project needs |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Blue Planet Funding product offering
Product offeringCore offering
Blue Planet Funding finances and structures the development, construction, long-term ownership, and transaction of solar energy and battery storage assets. The company commits up to 100% of construction capital and provides long-term term financing matched to the asset lifecycle, primarily serving small and mid-sized solar developers through co-development partnerships. It also raises and deploys tax equity to support renewable energy projects across multiple U.S. states.
Product overview
Blue Planet Funding is a specialized financing and development company that offers a unified product portfolio centered on solar energy asset finance. The core offerings consist of Construction-to-Permanent Financing (providing construction and long-term financing for projects), a proprietary Portfolio Management Platform (for asset monitoring and compliance), and Solar Project Development services (both de-novo and co-development). The company focuses on large commercial & industrial (C&I) and utility-scale solar and battery storage assets, tailoring solutions to each partner's needs through a customized approach that spans development, financing, construction, and long-term ownership.
Differentiator
Problem solved
Functional benefit
Products and services
- Construction-to-Permanent Financing A financing solution for solar energy developers and project owners that provides construction capital and long-term term financing matched to the asset's lifecycle, covering up to 100% of project capital needs.
- Portfolio Management Platform A web-based platform that incorporates data across multiple systems in a consistent format, enabling asset managers to optimize performance, ensure O&M compliance, and manage reporting and billing for solar portfolios.
- Solar Project Development Development and deployment of large C&I and utility-scale solar and battery storage assets, offered both as own de-novo projects and as co-development partnerships with third-party developers.
Companies that use Blue Planet Funding
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Blue Planet Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Blue Planet Funding partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Co-developerscoreBPF primarily partners with co-developers to assist getting projects across the finish line. The company tailors its approach to meet each partner's needs, developing successful projects at speed with risk-adjusted returns. Developers receive up to 100% capital commitment for construction and long-term financing matching asset lifecycle.
- Top Construction/EPC CompaniescoreBPF partners with top construction/EPC companies to construct and deliver solar projects without the standard 'engineering risk' that sometimes accompanies technical projects. The integrated approach and in-house engineering helps reduce costs and maximize project potential.
- Tier-1 Equipment ProviderscoreBPF works with all Tier-1 providers for equipment selection. The engineering team has decades of experience in selection of the best equipment to optimize project performance and reliability.
- Bright Power, Inc.minorPrior to Blue Planet, COO Allen Funk served as CFO of Bright Power, Inc., a solar operations and management company. Bright Power provides specialized operations management for the renewable energy sector.
- Split Rock Real Estate PartnersminorVP Finance Michael Oppenheim led underwriting for Split Rock Real Estate Partners since its inception in 2020, handling over 250K SF and $20M+ of industrial and office acquisitions. Split Rock is a real estate investment and development firm.
- Greenleaf-TNX ResourcescoreMUBA-REDI Partnership in Puerto Rico is a co-development effort between MUBA-REDI and Greenleaf-TNX Resources. This involves installation of four independent rooftop solar projects totaling 3.778 MW in Puerto Rico.
- MUBA-REDIcoreMUBA-REDI Partnership involves co-development of four independent rooftop solar projects in Puerto Rico totaling 3.778 MW. The project sells power to a high-rate corporate off-taker under long-term agreement.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Blue Planet Funding competitors and assessment
Company assessmentDirect peers
- Generate Capital: Generate Capital is a leading specialty financing platform that provides capital, services, and projects to sustainable infrastructure including solar and battery storage, with a similar co-developer and C&I/utility-scale focus as BPF. Its Specialty Finance + Own + Operate approach directly mirrors BPF's construction-to-perm + long-term ownership model.
- CleanCapital: CleanCapital is a clean energy investment platform focused on mid-market solar and storage project financing and ownership across North America. It targets commercial, industrial, and small utility-scale projects — directly overlapping BPF's C&I and small utility-scale sweet spot.
- Sol Systems: Sol Systems is a renewable energy developer, financier, and tax equity investor with a vertically integrated platform covering development, financing, and ownership of utility-scale solar. Like BPF, it raises and deploys tax equity and works with developers to bring projects to COD.
- Greenbacker Capital: Greenbacker Capital is a renewable energy investment manager that finances, owns, and manages solar, wind, and storage assets across the U.S., pooling capital from individual and institutional investors. Its model of raising tax equity and deploying across a portfolio of renewable assets closely parallels BPF's financing and ownership approach.
Broad incumbents
- 174 Power Global: 174 Power Global is a utility-scale solar and storage developer/owner with a much larger project pipeline and balance sheet than BPF. It represents a scaled incumbent that competes with BPF in utility-scale solar development but with broader geographic scope and capital access.
- Cypress Creek Renewables: Cypress Creek Renewables is one of the largest U.S. utility-scale solar developers with a deep project pipeline across multiple states. As a much larger incumbent, it competes with BPF for both developer talent and tax equity allocation, but operates at a different scale of capital deployment.
- Clearway Energy Group: Clearway Energy is a publicly-traded renewable energy IPP that owns and operates utility-scale solar, wind, and storage assets. As an established owner-operator with a large balance sheet, it competes for prime project acquisition and tax equity deployment opportunities where BPF also plays.
Emerging players
- Mosaic: Mosaic provides financing for residential solar through loan products. It intersects BPF's solar financing thesis but is concentrated in the residential segment rather than utility-scale / C&I, making it a partial rather than direct competitor.
- Dividend Finance: Dividend Finance provides loan products and structured financing for residential and small commercial solar. It overlaps with BPF's financing-for-solar-developers model but focuses on the residential and small C&I end of the market rather than utility-scale.
- Aequum Solar Capital: Aequum Solar Capital is a specialty finance company focused on commercial and industrial solar PPAs and project financing. Its niche focus on C&I solar financing makes it a comparable but smaller-scale player with overlapping value proposition to BPF's developer-focused financing platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Blue Planet Funding social profiles
Digital presenceBlue Planet Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Planet Funding leadership team
Management profileNumber of profiles
Profiles4 records
Blue Planet Funding subsidiaries and ownership
Company hierarchySubsidiaries6 records
Blue Planet Funding funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Planet Funding M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Planet Funding
What does Blue Planet Funding do?
Blue Planet Funding finances and structures the development, construction, long-term ownership, and transaction of solar energy and battery storage assets. The company commits up to 100% of construction capital and provides long-term term financing matched to the asset lifecycle, primarily serving small and mid-sized solar developers through co-development partnerships. It also raises and deploys tax equity to support renewable energy projects across multiple U.S. states.
Is Blue Planet Funding a public or private company?
Blue Planet Funding is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Blue Planet Funding founded?
Blue Planet Funding was founded in 2016. It employs 11 to 50 people.
Where is Blue Planet Funding based?
Blue Planet Funding is headquartered in New York, United States, in the North America region.
How does Blue Planet Funding make money?
Three revenue lines are on record. Project Financing is the primary driver. The others are development and Structuring Fees and tax Equity Investment.
Who are Blue Planet Funding's main competitors?
Direct peers on record are Generate Capital, CleanCapital, Sol Systems and Greenbacker Capital. Broad incumbents are 174 Power Global, Cypress Creek Renewables and Clearway Energy Group. Emerging players are Mosaic, Dividend Finance and Aequum Solar Capital.
Does Blue Planet Funding have an API?
No public API is recorded for Blue Planet Funding.
What industry is Blue Planet Funding in?
Blue Planet Funding's product category is Renewable Energy Project Finance. Its primary akta.pro industry code is EUAMABAJ, Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization), with a secondary code of FSANAEAB, Energy & Power Infrastructure Funds (Generation, Transmission, Storage). Its NAICS code is 221114 and its SIC code is 6159.