NuGen Capital Management to Invest $100MM in Solar Energy Projects

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PROVIDENCE, R.I.--(BUSINESS WIRE)--Sep 8, 2025--

NuGen Capital Management, LLC (NuGen), a national leader in energy development and capital solutions, today announced it is making an additional investment of $100 million into near-term and operating solar and storage projects across the United States.

Powered by its team’s cross-sector expertise in energy solutions, real estate, finance and more, NuGen is equipped to handle every phase of clean energy projects, including financing, tax credit strategies, development, construction, operation and management. The company is currently seeking partners across the energy ecosystem – including developers, landowners, project owners and operators, or others – to purchase projects that deliver long-term value in their respective communities.

“Since our founding in 2010, NuGen’s mission has been to accelerate America’s energy transition with impactful investment solutions and innovative asset strategies that unlock reliable and affordable new energy sources,” said Laura Frazier, NuGen’s Managing Director, Business Development & Strategy. “When we invest in a project, we take pride in forging full-service, always-on relationships with our partners to ensure the unique needs of every project and every customer are being met. We look forward to building on our strong network of partners with this significant level of investment.”

NuGen currently manages more than $250 million in investments, comprising a diverse portfolio of solar, storage, real estate and electric mobility projects across the country. These projects reduce strain on local utilities and provide municipalities, school districts, businesses and communities with reliable, affordable power.

“When NuGen buys or develops a project, it’s because we believe in its long-term value. That’s why we own and operate all the projects in our portfolio, and it’s why we’ve never sold a project to date,” said Aaron Rust, NuGen’s Managing Director, Renewable Infrastructure. “Our Operations & Asset Management teams have a proven approach to stabilizing distressed projects, and we are ready to bring our approach to more projects in more communities across the Northeast and around the country.”

NuGen’s investment solutions range from project financing, tax credits, divestment opportunities, equity investments and project acquisitions. With extensive experience working at or with global investment firms, infrastructure developers and government institutions, NuGen offers custom-built financing options that best meet its partners’ goals.

“As project owners and operators in addition to investors, we have a unique bird’s-eye perspective on what’s needed to bring complex projects to fruition, and our self-funded operation allows us to offer direct, immediate financial support to move quickly and effectively,” said Nicole Verdi, NuGen’s Managing Director, Operations, Finance & Legal. “Our message right now is simple: If you’re seeking capital to reach your project’s next stage, or if you’re looking to sell your operating project to a nimble, trusted, proven, mission-driven partner, our team at NuGen wants to hear from you.”

NuGen is prepared to deploy its $100 million investment commitment immediately. Learn more at www.NuGenCapital.com or reach out directly to [email protected].

About NuGen Capital Management

Founded in 2010, NuGen Capital Management serves at the forefront of clean energy development and capital solutions in the United States. Led by energy infrastructure and real estate investor David Milner, NuGen finances, constructs, owns and operates projects and partnerships that are transforming the American energy market and paving the way for the country’s energy transition.

As investors and developers, we are bringing innovative and adaptable capital solutions to communities across the country and supporting cutting-edge technology that is rapidly advancing the pace of the U.S. energy transition. As owners and operators, we directly manage a growing portfolio, with investments totaling more than $250 million as of January 2025, focused on real estate, clean energy assets and electric transportation fleets.

And as community partners, we are building a network of businesses, landowners, building owners, and regulatory and utility partners who are committed to accelerating our mission, while providing philanthropic support to advance education and environmental justice.

Learn more at www.NuGenCapital.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250908170201/en/

CONTACT: For more information:

Meaghan Wims

Duffy & Shanley for NuGen Capital Management

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA RHODE ISLAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES ALTERNATIVE ENERGY SOCIALLY RESPONSIBLE INVESTING ENERGY FINANCE ASSET MANAGEMENT

SOURCE: NuGen Capital Management, LLC

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PUB: 09/08/2025 10:00 AM/DISC: 09/08/2025 10:00 AM

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