Cloudbreak Safe Harbor Financing with Bildmore
106 MW of Colorado and Maryland Community Solar & VNEM
Cloudbreak Energy is pleased to announce the closing of a Safe Harbor financing facility with Bildmore, and facilitated by capital platform, Crux. The financing enabled Cloudbreak to safe harbor 106 MWdc across twenty-one distributed generation assets, securing the ITC and mitigating a portion of the new FEOC risk on these assets. This portfolio will bring reliable, clean energy to communities in Colorado and Maryland. “Cloudbreak is grateful for our partnerships with Bildmore and Crux, both of whom were fantastic allies throughout the process of closing this transaction”, said Becca Glazer, VP of Finance at Cloudbreak. “We look forward to working with both parties again to enable the addition of more renewable capacity onto the grid.”
David Haug, CEO of Bildmore, added “We’re pleased to support Cloudbreak in executing its safe harbor strategy and advancing its community solar portfolio. We value the opportunity to partner alongside Crux and work together to deliver disciplined, scalable clean energy solutions.”
About Cloudbreak Energy Partners
Cloudbreak Energy Partners is a distributed solar and storage IPP based in Boulder, Colorado. Formed by four experienced renewable energy professionals, Cloudbreak is already one of the leading commercial and community solar developers in the Mountain West of the United States. Our mission is to accelerate growth in domestic renewable energy capacity while also bringing economic benefits to communities across the country
About Bildmore Clean Energy
Bildmore provides construction-stage preferred equity commitments primarily to U.S. utility-scale battery storage and solar projects. In addition, Bildmore offers collateralized asset lending, including safe harbor financing, to support disciplined project execution, safe harbor strategies, and portfolio growth. The Bildmore team is backed by EnCap’s Energy Transition Fund II, a unit of EnCap Investments, which since 1988 has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional funds totaling approximately $47 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.bildmore.com and www.encapinvestments.com
About Crux
Crux is the capital platform for the clean economy. Crux modernizes capital raising & deployment for clean energy and critical infrastructure with solutions across advisory, investments, technology, and intelligence. Since 2023, Crux has executed billions of dollars in capital transactions for clients, including through Crux Capital Securities, LLC, a registered broker-dealer and member FINRA/SIPC. Crux has raised more than $77 million in funding from venture capital and strategic investors. For more information, visit cruxclimate.com
