Radial Power, an affiliate of energyRe, and private equity firm Lotus Infrastructure Partners, have closed a $355 million tax equity and debt financing package with Goldman Sachs to support approximately 214 megawatts (MW) of distributed solar capacity across 106 projects nationwide. The portfolio spans commercial and community solar assets in multiple U.S. markets, with commercial operation dates expected between December 2025 and 2026. 

“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. Select projects are expected to qualify for domestic content and energy community investment tax credit adders under the Inflation Reduction Act, enhancing economics across portions of the portfolio. 

“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,” added Ryan Newman, Managing Director and Head of Energy Tax Investing at Goldman Sachs. Goldman Sachs served as both sole lender and tax equity investor on the transaction. 

Marathon Capital acted as financial advisor to Radial Power. Latham & Watkins LLP served as legal counsel to Radial Power, while Vinson & Elkins LLP represented Goldman Sachs.