In a groundbreaking move, Stonehenge Capital has unveiled its latest renewable energy tax equity fund, signaling a significant leap forward in sustainable investments. This multi-project, multi-investor initiative marks a pivotal moment in the company’s history, demonstrating its commitment to fostering clean energy development across the United States.
Pioneering sustainable finance: Stonehenge Capital’s new tax equity fund
The recently closed fund represents Stonehenge Capital’s 21st tax equity fund and its first venture into a multi-project, multi-investor Investment Tax Credit (ITC) structure. This innovative approach aims to provide efficient capital for renewable energy projects nationwide, addressing a crucial gap in the tax equity market.
Whitney LaNasa, Senior Managing Director at Stonehenge Capital, expressed pride in this achievement, stating, “The successful closing of this fund marks an important milestone for Stonehenge. With more than 20 funds under our belt, our track record of success is one we’re tremendously proud of.”
The fund’s investors comprise major national insurance companies with extensive experience in tax equity investments. This collaboration underscores the growing interest in sustainable finance and the potential for renewable energy to deliver compelling risk-adjusted returns.
Expanding horizons: Solar projects and energy storage systems
Stonehenge Capital is actively seeking solar projects or solar installations with co-located battery energy storage systems that exceed 50 MW capacity. These projects should be generating 2025 investment tax credits, aligning with the fund’s objectives and timeline.
The company’s focus on solar energy and storage solutions highlights the growing importance of:
- Renewable energy integration
- Grid stability enhancement
- Energy independence
- Carbon footprint reduction
This strategic direction not only supports the transition to cleaner energy sources but also creates opportunities for investors to participate in the rapidly evolving renewable energy landscape.
Future prospects: 2026 vintage multi-investor tax equity fund
Looking ahead, Stonehenge Capital has announced plans to launch its 2026 vintage multi-investor tax equity fund in the second quarter of 2025. This forward-thinking approach demonstrates the company’s confidence in the continued growth and potential of the renewable energy sector.
The table below illustrates Stonehenge Capital’s fund timeline:
| Fund Type | Launch Date | Focus |
|---|---|---|
| Current Multi-Investor ITC Fund | January 2025 | Solar and Energy Storage (2025 ITCs) |
| Upcoming 2026 Vintage Fund | Q2 2025 (Anticipated) | Renewable Energy Projects (2026 ITCs) |
This strategic planning allows Stonehenge Capital to maintain its position as a market leader in federal tax equity, transferable investment, and production tax credits. The company’s expertise in navigating the complexities of tax credit investments has enabled it to provide projects with single and multi-year taxpayer commitments approaching $2 billion.
A legacy of excellence in tax credit investments
For over 25 years, Stonehenge Capital has been at the forefront of tax credit investments, assisting Fortune 500 companies, banks, and insurers in navigating this complex landscape. The company’s track record speaks volumes, with more than $8 billion in transactions facilitated over its history.
Stonehenge Capital’s services encompass:
- Top-tier origination
- Comprehensive underwriting
- Expert asset management
This holistic approach has enabled the company to simplify complex financial structures, making them more accessible and attractive to a diverse range of investors. By offering both single-year and multi-year tax credit streams, Stonehenge Capital caters to various investment strategies and risk profiles.
The company’s success in closing its latest renewable energy tax equity fund is a testament to its expertise and the growing demand for sustainable investment opportunities. As the renewable energy sector continues to expand, Stonehenge Capital is well-positioned to play a pivotal role in financing the transition to a cleaner, more sustainable future.
With its proven track record and innovative approach to tax equity investments, Stonehenge Capital continues to drive positive change in the renewable energy landscape. By bridging the gap between investors and clean energy projects, the company is not only generating attractive returns but also contributing to a more sustainable and resilient energy infrastructure for generations to come.
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