HOUSTON --(BUSINESS WIRE)

Radial Power, an affiliate of energyRe, a leader in delivering reliable and affordable energy solutions, and Lotus Infrastructure Partners, a leading private equity firm focused on energy infrastructure investments, today announced the closing of a $355 million tax equity and debt financing with Goldman Sachs, to support the development, construction, and operation of approximately 214 megawatts (MW) of distributed solar capacity across 106 projects nationwide. The financing utilizes Goldman’s “End-to-End Distributed Generation” financing structure to provide a single source of third-party funding for the portfolio.

The portfolio consists of commercial and community solar projects located across multiple U.S. markets, with commercial operation dates expected between December 2025 and 2026. Select projects within the portfolio are expected to qualify for domestic content and energy community investment tax credit adders under the Inflation Reduction Act.

The transaction provides long-term institutional capital that enables Radial Power to efficiently monetize federal tax incentives while advancing a diversified, multi-market portfolio of distributed generation assets at scale.

This financing reflects the depth of our platform and our ability to consistently execute across a national portfolio of distributed assets,” said Matthew Trauber, Chief Financial Officer of Radial Power. “We are excited to partner with Goldman Sachs on this transformative financing, which enables disciplined capital deployment and efficient tax credit monetization while supporting continued growth across our pipeline.

"Goldman Sachs is excited to partner with Radial Power in the continued expansion of their distributed generation solar portfolio. Our investment with Radial is an example of Goldman's ability to structure and provide innovative financing solutions for our clients and counterparties, as well as our focus on investing in U.S. energy infrastructure," said Ryan Newman, Managing Director and Head of Energy Tax Investing at Goldman Sachs. Marathon Capital served as financial advisor to Radial Power on the transaction. Latham & Watkins LLP served as legal counsel to Radial Power, and Vinson & Elkins LLP served as legal counsel to Goldman Sachs.

Goldman Sachs served as the sole lender and tax equity investor.

About Radial Power

Radial Power is a national developer, owner, and operator of distributed solar and storage projects serving commercial, industrial, and community solar customers across the United States. The company focuses on disciplined development, efficient capital deployment, and long-term operational performance to deliver scalable clean energy solutions.

About energyRe

energyRe is an American-led energy company created to develop innovative infrastructure projects that meet rising electricity demand with affordable and reliable energy. Our company portfolio combines generation, transmission and storage with a “community first” approach to project development, bringing together industry-leading expertise and local know-how. With a total of 16 gigawatts under development in regions around the US, energyRe is a leader in utility-scale transmission, generation, storage and distributed generation solutions. We prioritize community engagement, public-private partnerships, and operational reliability in every project. Learn more at www.energyre.com.

About Lotus

Lotus Infrastructure specializes in infrastructure investments including renewable power generation, battery storage, renewable and low-carbon fuels, electric transmission, thermal power, and midstream and downstream assets. Lotus Infrastructure has raised in excess of $3 billion of equity capital and has executed transactions totaling approximately $10 billion in enterprise value, inclusive of approximately $2.8 billion in enterprise value related to the development and construction of renewable assets. The Lotus Infrastructure team brings extensive multi-functional expertise to its investments including development, construction, operations, acquisition and financing. For more information, please visit www.lotusinfrastructure.com.

Media Contacts

Radial Power:
[email protected]

Lotus Infrastructure Partners
Antonia Schwartz
Managing Director, Head of Investor Relations
[email protected]
(203) 445-6810

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