Great Bay Renewables Provides Financing to Longroad Energy to Facilitate Tax Equity Buyout for Titan Solar
Portsmouth, NH (January 13, 2026) – Great Bay Renewables (“Great Bay”), a leading renewable energy investment firm, today announced that it has completed an investment with Longroad Energy (“Longroad”) to finance the buyout of the tax equity investor’s residual post-flip interests in Titan Solar, a 70 MWac utility-scale solar project located in Imperial County, CA (“Titan”).
The new financing supports Longroad’s acquisition of the tax equity investor’s residual interest following the project’s tax equity flip, facilitating Longroad’s ownership consolidation in the project. “Great Bay’s capital allowed us to efficiently optimize the project’s capital structure without diverting capital from other strategic priorities,” said Pete Keel, Chief Financial Officer of Longroad.
“This investment represents an exciting new use case for Great Bay,” said Frank Getman, CEO of Great Bay. “While many sponsors recognize the value of buying out their tax equity partners post-flip, they may not always have capital readily available, particularly when sponsors have other more pressing capital needs. In those instances, we believe that our capital can provide an appealing and accretive alternative to finance the buyout while preserving sponsor flexibility.”
Great Bay financed tax equity buyouts are an attractive option for renewable energy sponsors seeking to simplify ownership structures, enhance cash flow, and extend asset hold periods, without the need to contribute new equity dollars, and for tax equity investors looking to divest non-core investments. Great Bay’s investment in Longroad’s Titan Solar project underscores its ability to deliver flexible capital solutions throughout the renewable asset lifecycle, from development, through construction and operations and continuing into tax equity buyouts and repowerings.
About Great Bay Renewables
Great Bay Renewables, based in Portsmouth, New Hampshire, provides creative capital solutions to the renewable energy sector. Specializing in royalty financing, Great Bay provides capital for renewable energy projects at all stages of their life cycle, including addressing critical financial hurdles such as interconnection security deposits and construction financing. To date, the company has invested more than $850 million in the sector, creating royalty agreements on over 38 renewable energy projects totaling approximately 8.8 GW. Great Bay’s management team has extensive experience in renewable energy development, financing, and operations across a range of technologies throughout the United States. Great Bay is backed by Altius Renewable Royalties Corp. and certain funds managed by affiliates of Apollo (NYSE: APO).