True Green Capital Management LLC, a renewable energy infrastructure investment firm, has acquired CleanChoice Energy, a cleantech company that looks to help people and businesses to access climate services.

TGC will provide capital to fund CleanChoice’s solar development pipeline. The deal aims to drive CleanChoice’s growth as an independent green gen-tailer in the U.S., operating at both ends of the value chain by owning solar generation assets and selling renewable energy to customers in multiple markets across the U.S. TGC will maintain the CleanChoice brand and team and invest an additional $100 million of capital into developing, acquiring, owning and operating CleanChoice solar projects.

“We continue to believe that the combination of green customers with solar power development and asset ownership will be paramount in the clean energy transition regime we operate in,” says Panos Ninios, managing partnere and co-founder of TGC. “In CleanChoice, we have found a best-in-class management team with a unique multi-year track record in combining solar power development with a proprietary customer acquisition and management platform.”

CIBC Capital Markets served as financial advisor for TGC and DLA Piper served as legal counsel in connection with the transaction. Guggenheim Securities LLC served as financial advisor and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to CleanChoice.