Clean Energy Counsel Advises on Landmark Tax Equity and Debt Financing for Clean Energy Portfolio

Clean Energy Counsel, LLP recently represented Advantage Capital in its $170 million tax equity investment with Dimension Energy for a portfolio of 28 community solar projects located in New Jersey, Illinois, Pennsylvania, Virginia, Delaware and Maine.

The transaction also included First Citizens Bank as lead syndicator for $360 million in construction and term financing, alongside ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. This portfolio of community solar projects will create at least 500 jobs, as well as workforce development programs from high school through mid-career, creating additional paths to good paying local careers in solar and related trades.

“We’re proud to deliver high-impact capital at scale and to support Dimension’s ambitious vision. This investment will strengthen local energy grids, create good-paying jobs, and expand access to lower-cost power in communities across the country. Dimension’s team brings deep expertise and a strong commitment to local impact—making them an ideal partner for building a more resilient energy future,” said Tom Bitting, Managing Director at Advantage Capital.

The Clean Energy Counsel team was led by partner Zach Crowley and tax counsel Jonah Brotman, and included the work of Tyler Quintero, Jake Reed, Brett Martino, Shae Harvey, Shane Devins, Anisha Chheda, Aretha DiClemente, Meghan Gabriel, Mike Howell, Emily Hager, and Wesley Davis.