Radial Power, an affiliate of energyRe, along with Lotus Infrastructure Partners, has completed a $355 million tax equity and debt financing with Goldman Sachs. The funding will support the development, construction, and operation of around 214 MW of distributed solar capacity spread across 106 projects in US. The transaction uses Goldman Sachs’ end-to-end distributed generation financing structure, providing a single third-party funding source for the entire portfolio. 

Furthermore, the portfolio comprises commercial and community solar projects located across multiple US markets. Commercial operation dates for the projects are expected between December 2025 and 2026. Additionally, selected projects within the portfolio are anticipated to qualify for domestic content and energy community investment tax credit adders under the Inflation Reduction Act. 

The financing enables the portfolio to advance at scale while aligning with applicable federal incentive frameworks. Goldman Sachs acted as the sole lender and tax equity investor in the transaction. Marathon Capital acted as the financial advisor to Radial Power. Latham & Watkins LLP served as legal counsel to Radial Power, while Vinson & Elkins LLP provided legal counsel to Goldman Sachs.