HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized financial services company dedicated to advancing the energy transition by investing in sustainable infrastructure projects. The company operates primarily in the United States and focuses on three core markets: Behind-the-Meter (distributed energy projects like on-site solar, storage, and energy efficiency), Grid-Connected (utility-scale solar, wind, and battery storage), and Fuels, Transport, and Nature (renewable natural gas plants, fleet decarbonization, and ecological restoration). HASI generates revenue through a diversified mix of interest income from debt securities and commercial receivables, income from equity method investments, gains on the securitization and sale of assets, and asset management fees. The company acts as a capital provider, filling a strategic niche between conventional bank lending and private equity by offering long-term financing solutions to project developers and sponsors. Effective January 1, 2024, HASI revoked its Real Estate Investment Trust (REIT) status to operate as a traditional C Corporation, providing it with greater flexibility to invest in a broader range of non-qualifying energy transition assets. With over $15 billion in managed assets, HASI maintains programmatic relationships with leading clean energy developers and leverages its deep industry expertise to generate predictable, long-term cash flows while facilitating measurable environmental benefits.
