Cloudbreak Secures Safe Harbor Financing for Solar Projects
Cloudbreak Energy’s expansion in Colorado and Maryland receives a boost through strategic financing.
— Becca Glazer, VP of Finance at Cloudbreak
NEW YORK, NY, UNITED STATES, March 17, 2026 /EINPresswire.com/ — The collaborative effort between Crux, Cloudbreak Energy, and Bildmore Clean Energy has culminated in a key financial transaction that supports Cloudbreak’s solar initiatives. The financing deal secures 106 MWdc of distributed generation assets for Cloudbreak, ensuring the preservation of investment tax credits (ITC) and managing new FEOC risks. These projects will provide clean energy solutions to communities in Colorado and Maryland.
Crux played a pivotal role in orchestrating the transaction, guiding it from inception to completion by identifying Bildmore as an ideal financing partner. Bildmore’s expertise in structuring and underwriting was key to the successful closure of this deal, alongside Crux’s diligence in managing detailed workflows and harmonizing efforts among involved parties.
Legal expertise was provided by McDermott Will & Schulte for Bildmore, and Clean Energy Counsel for Cloudbreak, ensuring all legal aspects were meticulously handled.
This financing empowers Cloudbreak to expand its project pipeline and transition into an independent power producer (IPP), while maintaining eligibility for essential clean energy tax incentives. Safe harbor financing has emerged as a critical strategy for developers to keep tax credit eligibility intact as they advance solar project timelines.
Community solar projects continue to proliferate, thanks to state policies encouraging shared solar installations that benefit local communities. As Becca Glazer, VP of Finance at Cloudbreak, expressed, “Cloudbreak is grateful for our partnerships with Bildmore and Crux, both of whom were fantastic allies throughout the process of closing this transaction.”
David Haug, CEO of Bildmore, remarked, “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.”
Andrew Hsiung, CFO at Crux, highlighted the importance of sophisticated capital solutions, saying, “Building critical energy infrastructure at scale requires sophisticated and tailored capital solutions and the right financial partners.” Crux’s extensive network and expertise in debt capital markets were instrumental in facilitating this transaction.
Crux continues to support clean energy developers through its comprehensive suite of services, helping raise and deploy financing across various capital structures. For more information, visit www.cruxclimate.com.
ABOUT CRUX
Crux is a leading capital platform for the clean economy, offering modernized solutions in capital raising and deployment for clean energy and infrastructure projects. Since 2023, Crux has facilitated billions in capital transactions. More details are available at www.cruxclimate.com.
ABOUT CLOUDBREAK
Based in Boulder, Colorado, Cloudbreak Energy Partners is a prominent player in the solar and storage IPP sector. Their mission is to enhance domestic renewable energy capacity while delivering economic benefits nationwide. Learn more at www.cloudbreakenergy.com.
ABOUT BILDMORE
Bildmore specializes in construction-stage preferred equity for U.S. utility-scale solar and battery projects. Supported by EnCap’s Energy Transition Fund II, Bildmore offers strategic financing solutions. More information can be found at www.bildmore.com and www.encapinvestments.com.
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Original Story at www.thegardnernews.com