On October 24, 2017, Generate Capital, a leading financier, owner, and operator of distributed energy and resource infrastructure, announced that it has secured a $200 million investment to fund its growth plan and extend its leadership position in the clean energy sector. The funding round was led by Alaska Permanent Fund Corporation and also included multiple institutional investors. Generate Capital plans to use the new funds to continue building renewable energy, energy efficiency, waste, agriculture, and water projects. Wilson Sonsini represented Generate Capital in the transaction.

Launched in late 2014, Generate Capital has leveraged its own equity to support more than $500 million in infrastructure funding programs since its inception. The clean energy financing company partners with leading technology vendors and project developers to build, own, and operate money-saving infrastructure projects. Generate Capital's pioneering, permanently-capitalized balance sheet model provides partners with flexible capital solutions, delivers unprecedented transaction efficiency, and solves the elusive bankability question confronting developers and entrepreneurs.

The Wilson Sonsini team that represented Generate Capital in the transaction included partner Bob O'Connor.

For more information, please see Generate Capital's press release.