GS Power Partners Secures $250M to Scale Solar Platform

GS Power Partners, an independent power producer backed by CVC DIF, has closed a $250 million debt facility from Deutsche Bank, advancing its strategy to scale a growing pipeline of distributed generation solar projects across the U.S. 

The financing will be used to establish a centralized corporate capital platform, enabling GS Power to more efficiently fund development, construction and long-term operations as it expands its clean energy footprint. 

“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 CEO of GS Power Partners. 

The transaction reflects continued institutional demand for renewable energy platforms with scalable development pipelines, particularly in distributed generation, which is benefiting from favorable policy support and increasing corporate and municipal demand. 

“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 will syndicate the transaction. Deutsche Bank Trust Company Americas is serving as administrative agent, while Wilmington Trust is acting as collateral agent. 

Marathon Capital advised GS Power Partners, with Morgan, Lewis & Bockius LLP serving as legal counsel. White & Case LLP advised Deutsche Bank on the transaction.