Radial Power, an affiliate of energyRe, and Lotus Infrastructure Partners, a private equity firm focused on energy infrastructure investments, announced the closing of a $355 million tax equity and debt financing with Goldman Sachs.
The financing will support the development, construction, and operation of approximately 214 MW of distributed solar capacity across 106 projects across the U.S. This funding utilizes Goldman’s “End-to-End Distributed Generation” financing structure to provide a single source of third-party funding for the portfolio.
The portfolio comprises commercial and community solar projects across multiple U.S. markets, with commercial operation dates expected between December 2025 and 2026. Some of the selected projects among the portfolio are expected to qualify for domestic content and energy community investment tax credit adders under the Inflation Reduction Act.
Goldman Sachs served as the sole lender and tax equity investor for the transaction. Latham & Watkins and Marathon Capital served as Radial Power’s legal and financial advisors, respectively, on the transaction. Vinson & Elkins acted as the legal counsel to Goldman Sachs.
“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.”
In August 2024, the company acquired four community solar projects with a combined capacity of 22.3 MW located in New York state from Galehead Development. Radial Power also raised $225 million in debt financing from ATLAS SP Partners to support the company’s pipeline and operating platform of distributed generation projects, encompassing both asset- and portfolio-level turnkey integrated commercial & industrial and community solar solutions for real estate customers.
Large-scale project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
