In a significant milestone for Pacifico Energy LLC, the company has announced the successful sale of its 27 MWDC solar PV and 25 MWh battery energy storage system (BESS) portfolio to CleanCapital, a leading owner and operator of distributed clean energy assets. The portfolio, developed in-house by Pacifico, marks the firm’s first monetization of a U.S.-based project portfolio, underscoring its growing footprint in the American clean energy market.
Pacifico Energy LLC (formerly known as Pacifico Power LLC) is a U.S.-based subsidiary of the Pacifico Energy Group, a privately held international energy development and investment company with a core focus on solar, wind, storage, and hybridized clean energy solutions. The transaction is a strategic achievement not only for Pacifico’s North American team but also for the broader corporate group, which has executed more than 1 GW of clean energy projects globally.
Marathon Capital: Exclusive Advisor to Pacifico Energy
Marathon Capital, a globally recognized financial advisory firm specializing in the clean economy and energy transition, served as exclusive financial advisor to Pacifico on the transaction. The firm provided a full suite of services including financial modeling, deal structuring, commercial due diligence, and end-to-end negotiation support.
The six-project portfolio includes four behind-the-meter solar + storage installations in California and two community solar projects in Massachusetts, collectively serving a diverse array of off-takers including low-income residential communities, a beverage processing facility, and a specialty materials manufacturer.
“This transaction further validates the Pacifico Energy Group’s pivot into the U.S. market – with a specific focus on behind-the-meter projects,” said Leon Persaud, Managing Director at Pacifico Energy Group. “We saw the need for scalable, behind-the-meter clean energy solutions years ago. It’s not just data centers that are struggling to secure reliable grid capacity — industrials, food processors, and even schools are feeling the pressure. This portfolio delivers clean, resilient, and local power where it’s most needed. We’re proud to partner with CleanCapital, a forward-thinking investor committed to long-term asset stewardship.”
A Strategic Entry into the U.S. Distributed Generation Market
The sale marks a key inflection point in Pacifico’s North American strategy. While the company has previously operated globally in regions such as Asia and Europe, this transaction cements its status as an emerging player in the U.S. distributed generation and energy storage sector. The projects included in the sale are operational and de-risked, making them an attractive investment for CleanCapital, which is rapidly expanding its footprint in high-growth distributed generation markets.
“It was a pleasure to collaborate with the Pacifico team and support them on their inaugural M&A transaction in the United States,” said Sarah Nash, Managing Director at Marathon Capital. “The operational status of the projects, coupled with their contracted revenues and advanced technical design, made this an attractive opportunity for CleanCapital. We look forward to watching both organizations continue to scale across the U.S. energy landscape.”
The portfolio leverages behind-the-meter storage and solar to deliver load reduction, demand charge management, and resiliency benefits to end users — a model that is increasingly critical amid growing concerns over grid reliability and interconnection delays. The two community solar projects in Massachusetts also contribute to equitable energy access by serving low- and moderate-income households under inclusive subscriber programs.
Prior Tax Equity Investment by SCOA
This transaction also builds upon earlier financing success for Pacifico, including the tax equity investment provided by Sumitomo Corporation of Americas (SCOA), which Marathon Capital also advised. That investment laid the foundation for the development and construction of the portfolio and signaled institutional confidence in Pacifico’s pipeline and execution capabilities.
CleanCapital: A Long-Term Partner in the Energy Transition
CleanCapital, backed by Manulife Investment Management, has become one of the most active buyers of distributed energy assets in the U.S., managing over $1B in clean infrastructure investments. With a growing emphasis on solar-plus-storage portfolios, CleanCapital continues to advance its mission of accelerating the energy transition through smart acquisitions and reliable asset management.
By acquiring Pacifico’s portfolio, CleanCapital not only gains access to high-quality operational assets but also strengthens its regional presence in California and Massachusetts — two states with robust renewable energy policies, strong community solar frameworks, and significant load-side demand for DERs (Distributed Energy Resources).
Looking Ahead
For Pacifico Energy, this transaction is just the beginning of a larger U.S. market strategy that includes an expanding pipeline of behind-the-meter solar + storage, front-of-the-meter hybrid solutions, and Energy-as-a-Service offerings targeting schools, manufacturers, and institutional buyers.
With federal incentives such as the Investment Tax Credit (ITC) and Inflation Reduction Act (IRA) driving long-term value in clean energy investments, the company plans to scale its development activities in key states including Texas, New York, New Jersey, and Illinois.
“As we look ahead, our focus remains on helping underserved markets decarbonize without financial risk,” added Persaud. “Whether it’s through hybrid microgrids, community solar, or long-term PPAs with mission-aligned customers, Pacifico Energy is building infrastructure for the next generation of clean power users.”
About Pacifico Energy Group
Pacifico Energy Group is a privately held developer, owner, and operator of renewable energy and storage assets. With a legacy of clean energy leadership in Asia and a growing presence in the United States, Pacifico focuses on delivering integrated energy solutions that combine solar, storage, and emerging technologies to accelerate decarbonization at scale. Learn more: www.pacificoenergygroup.com
About Marathon Capital
Marathon Capital is a global financial and strategic advisor dedicated to the clean energy transition. With offices across North America, Europe, Latin America, and Asia Pacific, the firm advises the world’s leading developers, utilities, infrastructure funds, and institutional investors on M&A, capital raises, and complex strategic transactions. Visit: www.marathoncapital.com
About CleanCapital
CleanCapital is a diversified clean energy company that acquires, manages, and optimizes distributed solar and storage assets across the United States. Backed by Manulife Investment Management, the firm has invested over $1 billion and operates a portfolio spanning 200+ projects in 26 states. Learn more: www.cleancapital.com
Disclosure: This article is for informational purposes only. The author received no direct compensation from Pacifico Energy, Marathon Capital, or CleanCapital. For investment advice, consult a licensed financial professional.
