Crux closes $215m tax equity deal for Pleasant Prairie project

Energy financing firm Crux has completed a $215 million tax equity investment to support the 240MW Pleasant Prairie Solar Energy Center in Ohio. The project, developed and owned by Invenergy, is currently under construction with a projected commercial launch in 2027. The investment, organized through Crux Capital Securities, is intended to capitalize on the federal investment tax credits, aiding the expansion of large-scale solar energy generation.

The solar energy center will feed electricity into the regional grid and produce clean energy credits for a third-party off-taker. During the construction phase, the project is expected to generate approximately 300 construction jobs and inject over $230 million in economic activity into the local community. Matthew Ransweiler, head of Invenergy North America Project Finance, stated that Crux's tax equity investment signifies a significant step for the Pleasant Prairie Solar project and underscores the company's confidence in projects that meet increasing energy demand while providing substantial local benefits.

Crux has facilitated the deployment of billions of dollars in private capital into US clean and critical infrastructure since its inception. In July 2026, Linea Energy secured tax equity financing from Crux for a 172MW direct current utility-scale facility in Michigan.