True Green fuels $140 million deal, keeping the Big Mo on their side

As the baseball playoffs start in earnest today, it’s the time of year fans everywhere hope their team has the “Big Mo” – the large-scale momentum necessary to carry them to a World Series win (this year, it’s the Cleveland Indians).

In solar, you’d be hard pressed to find a team with more momentum than True Green Capital Management (TGCM) , which has agreed to fund 50 MW of projects with SunPower in four states and the District of Columbia to the tune of $140 million.

The deal marks the fourth time since the streak started on August 11, when it closed its most recent funding round with $350 million in the bank, that it has signed a significant deal.

The four states expected to benefit from the infusion of cash are California, Connecticut, Maryland, Massachusetts and New Jersey, with Washington D.C. on board as an added bonus.

Given that TGCM has $350 million to spend and a deal to purchase 150 MW of Sunpreme heterojunction modules completed last month, it’s hard to see their project appetite slowing down any time soon. Just one week ago, TGCM snagged 37 MW of projects in Massachusetts.

How far will the Big Mo carry TGCM? Historically, the Big Mo is a fickle master – but based on its record in the past two months, the company is certainly on a roll.

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