Radial Power, an affiliate of energyRe, and Lotus Infrastructure Partners announced the closing of $355 million in tax equity and debt financing with Goldman Sachs to support approximately 214 megawatts (MW) of distributed solar capacity across 106 projects nationwide.
The financing covers commercial and community solar projects in multiple U.S. markets, with commercial operation dates expected between December 2025 and 2026. Certain projects are expected to qualify for domestic content and energy community investment tax credit adders under the Inflation Reduction Act.
The financing utilizes Goldman’s “End-to-End Distributed Generation” financing structure, which is designed to provide a single source of capital for development, construction, and operation.
By providing long-term institutional funding, the transaction enables Radial Power to efficiently monetize federal tax incentives while advancing a diversified, multi-market portfolio of distributed solar projects 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, in a statement. “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.”
Ryan Newman, Managing Director and Head of Energy Tax Investing at Goldman Sachs, added, “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.”
Goldman Sachs served as the sole lender and tax equity investor, while Marathon Capital acted as financial advisor and Latham & Watkins LLP and Vinson & Elkins LLP served as legal counsel.
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