Catalyze secures US$85 million in financing for 75MW of distributed solar capacity

Catalyze secures US$85 million in financing for 75MW of distributed solar capacity

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Catalyze has an operating and pipeline portfolio of over 300MW of capacity. Image: Catalyze.

Texas-based independent power producer (IPP) Catalyze has secured US$85 million in tax equity investment to support the construction of 75MW of distributed solar projects in the US.

The funds come from investor RBC Community Investments, and will be used to support the construction of both commercial and industrial (C&I) and community solar projects this year. The investment will expand the company’s portfolio, which currently includes over 300MW of operating and under-construction assets, the largest of which is the 6.5MW Amherst community solar project in New York state.

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The majority of the company’s portfolio covers community solar projects, and two in Massachusetts are co-located with other technologies: the 252kW 66 Galen project, which is teamed with a 125kW storage system and 15 electric vehicle (EV) charging ports, and the 6.3MW Blackstone community solar project that is co-located with a 3MW storage facility.

“RBC is a valued financing partner, and we are pleased to further expand our relationship with this latest investment,” said Catalyze CEO Jared Haines. “This financing enables us to further our mission to bring scalable distributed generation projects to businesses and communities nationwide.”

The US community solar sector has seen increased attention in recent months, including project acquisitions from Altus Power completed last week. Figures from Wood Mackenzie and the Coalition for Community Solar Access (CCSA) show that a record 1.7GW of community solar was commissioned in the US in 2024, a 35% year-on-year increase, with the majority of new installations located in New York, Maine and Illinois.

PV Tech publisher Solar Media will be organising the fourth edition of  Large Scale Solar USA  in Dallas, Texas 29-30 April. After a record year for solar PV additions in the US, the event will dive into the ongoing uncertainties on tariffs, tax credits and trade policies as more domestic manufacturing becomes operational. Other challenges, such as the interconnection queues and permitting, will also be covered in Dallas. More information, including how to attend,  can be read here .

Nestled in Dallas, Texas, Large Scale Solar USA Summit 4th Edition is the nexus for project developers, capital providers, utilities, asset managers, and policymakers. Dive deep into the solar industry’s transformative growth, learn from the best, and discover strategies to boost utility-scale solar deployment nationwide.

The Renewables Procurement & Revenues Summit serves as the European platform for connecting renewable energy suppliers to the future of energy demand. This includes bringing together a community of European off-takers, renewable generators, utilities, asset owners, and financiers.

The challenges ahead are complex, but through collaboration, innovation, and a shared vision, we can navigate uncertainties and forge a sustainable energy future. Let us harness our collective knowledge to advance the renewable energy agenda.

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

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