Funding to advance market presence and industry leadership
NEW YORK–(BUSINESS WIRE)–GS Power Partners (GS Power), a leading Independent Power Producer backed by CVC DIF and dedicated to advancing America’s clean power future, today announced that it has successfully closed a $250 million capital raise provided by Deutsche Bank.
The $250M debt facility will be used to establish a centralized corporate capital platform that will support GS Power’s development pipeline and long-term growth strategy. This consistent, flexible funding enables GS Power to continue to efficiently advance projects through key development and pre-construction milestones and allocate capital dynamically to high-value opportunities.
“We’ve built a management team with deep experience driving growth in the distributed generation solar sector, enabling us to execute with financial rigor and discipline and earn the trust of leading global financial institutions,” said Jason Kuflik, founder and Chief Executive Officer of GS Power Partners. “The commitment from Deutsche Bank validates the strength of the platform we’ve built and reflects a strong alignment around partnering with best-in-class capital providers and teams. With their support alongside our existing partners, we are well positioned to invest across our platform, accelerate disciplined growth, and strategically expand our portfolio while originating and delivering high-quality distributed solar and storage projects at scale for our partners, customers, and the communities we serve.”
“GS Power Partners has built a strong platform in the distributed generation clean energy sector,” said Jeremy Eisman, Head of Infrastructure and Energy Financing at Deutsche Bank. “Our investment reflects our confidence in the GS Power team and their ability to scale high-quality renewable energy projects. Deutsche Bank is proud to support their continued growth.”
Deutsche Bank acted as Lead Lender and Arranger and is responsible for syndicating the transaction. Deutsche Bank Trust Company Americas (DBTCA) is serving as Administrative Agent, and Wilmington Trust, N.A., is serving as Collateral Agent. Marathon Capital acted as GSPP’s financial advisor. Morgan, Lewis & Bockius LLP served as legal counsel to GS Power Partners. White & Case LLP acted as legal counsel to Deutsche Bank.
About GS Power Partners
GS Power Partners (GS Power) is a leading distributed generation Independent Power Producer (IPP) backed by CVC DIF, a global investment firm with ca. €23 billion in assets under management. Founded in 2015, today GS Power owns and operates a 400+ megawatt solar portfolio concentrated primarily in the Northeast and Midwest, serving commercial, industrial, and community customers. GS Power is dedicated to advancing the clean power future in America through responsible investments and long-term partnerships. For more information, visit www.gspowerpartners.com
About Deutsche Bank
The Deutsche Bank Private Credit and Infrastructure business (PCI) is Deutsche Bank’s US-based balance sheet lending platform. PCI provides financing to bank clients including corporates, projects and alternative investment managers using bank capital. PCI has a wide mandate to underwrite loan facilities including corporate, holdco, bridge, term, construction and development loans, as well as letters of credit, with a focus across digital, power and conventional infrastructure, venture debt and fund finance. In the last 8 years PCI has underwritten transactions in excess of $50 billion and currently maintains over $21 billion in balances outstanding.
Contacts
Media:
Ellen Backus for GS Power Partners PR
[email protected]
612-616-2991
