Oversubscribed Fund: Aligned Solar Partners 6 LP closed with over $240M in commitments—exceeding its $200M target.
Doubling Output: The fund targets over 150 MW across seven U.S. states, doubling Aligned’s distributed solar capacity.
Strong Institutional Backing: Capital raised from global insurance firms, endowments, foundations, and family offices.
Aligned Climate Capital has closed its sixth distributed solar fund, Aligned Solar Partners 6 LP (ASP6), with commitments exceeding $240 million—surpassing its $200 million target. The oversubscribed fund marks the firm’s largest investment vehicle to date, backed by major institutional investors, including global insurance companies, endowments, foundations, and family offices.
“The U.S. needs new power generation to meet growing electricity demand, and solar energy is the cheapest, fastest, and cleanest technology in the market,” said Peter W. Davidson, CEO of Aligned Climate Capital. “We have been investors in this market for more than a decade and understand how solar can deliver consistent cash returns for our investors each year.”
ASP6 is focused on acquiring construction-ready distributed solar projects—typically ranging from 1 MWac to 10 MWac—from experienced development partners. The fund finances construction using a mix of equity and debt, monetizes tax credits, and plans to deliver annual distributions to investors starting in 2025. The portfolio will ultimately be sold to institutional infrastructure investors after the tax recapture period.
To date, ASP6 has deployed over 25 MW of distributed solar capacity in service in Maine and Washington, D.C., with additional projects underway in other states. The fund’s total strategy aims to exceed 150 MW across seven states, effectively doubling the solar footprint of Aligned’s distributed platform.
“We value our ongoing relationship with Aligned Climate Capital and are pleased to support ASP6 as a construction lender,” said Joe Ritter, Principal of Seminole Financial Services. “This portfolio reflects the kind of thoughtful, well-structured projects Seminole looks to finance. These are investments with strong fundamentals that also deliver meaningful impact in the communities they serve.”
Aligned prioritizes underserved and rural U.S. markets, which it believes offer distinct advantages. It maintains relationships with repeat development partners who consistently deliver financially viable, shovel-ready projects.
“In this unstable market, it’s good to have partners like Aligned who not only commit to building solar projects but deliver on that promise,” said Pat Jackson, Co-founder and Managing Member of ReWild Renewables, which developed two ASP6 projects in Delaware.
Aligned’s distributed solar strategy has delivered strong realized returns and consistent cash distributions since the firm began investing in the space in 2018. ASP6 positions the firm to continue capitalizing on rising demand for clean, reliable energy while scaling impact-driven infrastructure across the U.S.
Follow ESG News on LinkedIn
