CleanCapital, a U.S.-based independent power producer focused on distributed renewable energy, has sold a 120 MW solar project in Harrison County, Ohio, to Energix Renewables, an independent power producer that develops, constructs, owns, and operates renewable energy projects.

The financial terms of the transaction were not disclosed.

The project, named Nottingham, is located on a reclaimed coal strip mine. Originally developed by BQ Energy, the project became part of CleanCapital’s portfolio following its acquisition of BQ Energy in 2022.

“This transaction advances CleanCapital’s strategic focus on DG-scale solar and energy storage projects in growing markets,” stated Thomas Byrne, CEO at CleanCapital. “The sale of this development project will allow us to focus our in-house development resources on maximizing efforts to scale our DG portfolio across the U.S. We are pleased to partner with Energix Renewables on this transaction, as they have deep expertise in developing larger-scale solar projects that create long-term value for local communities, landowners, stakeholders, and the environment.”

The divestment supports CleanCapital’s strategy to focus on its core business of distributed generation solar and energy storage projects, while enabling Energix Renewables to expand its utility-scale solar portfolio in the U.S.

The transaction follows several recent financing and investment activities by CleanCapital. The company recently acquired a 7.7 MW energy storage joint venture, secured a $300 million HoldCo financing facility, and closed a $185 million private debt placement, strengthening its position to support the development and management of distributed generation projects.

In 2025, CleanCapital acquired a portfolio of 64 operating solar projects totaling 51.2 MW from Greenbacker, an energy-transition-focused investment manager and independent power producer, distributed across 13 U.S. states, including a diverse mix of rooftop and ground-mounted projects.

According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, approximately 37.4 GW of solar projects were acquired in 2025, compared to 37.7 GW in 2024.