Aspen Power, a distributed energy generation platform, has announced the closing of a $200 million capital raise provided by Deutsche Bank.
Aspen is said to partner with businesses, communities, and other industry participants to develop, construct, own, and operate renewable energy assets.
According to the company, this financial commitment enhances its ability to execute its pipeline, attract more vendor engagement, and speed up project delivery.
The financing positions Aspen Power to respond quickly to increasing demand for clean energy solutions, enabling expansion of its project pipeline, including community solar, commercial & industrial solar, small utility scale, and storage offerings.
“Deutsche Bank recognizes the growing demand for distributed clean energy and the related need for flexible development capital,” said Jeremy Eisman, Head of Infrastructure and Energy Financing, Deutsche Bank. “We believe Aspen Power’s strategy and execution are well-aligned with the transition to a low-carbon future, and we are proud to join Carlyle in supporting Aspen’s next phase of growth and development.”
In September last year, the company announced the acquisition of two community solar projects with a total capacity of 6.85 MWdc located in Northampton, Pennsylvania, from Syncarpha Capital, a solar and storage distributed generation project developer. The company also acquired a 4 MWdc community solar project from High Peaks Solar in New York.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, announced solar debt financing activity in 9M 2025 totaled $12.7 billion in 60 deals, 24% lower than 9M 2024, when $16.7 billion was raised in 68 deals.
In August, BlueWave, a solar and storage developer, owner, and operator, secured $247 million from two credit facilities. The first $125 million revolving construction-to-term loan facility was led by KeyBank and the National Bank of Canada. The remaining $122 million corporate revolving credit facility was provided by KeyBank and the Canadian Imperial Bank of Commerce, the New York branch.
