Deutsche Bank Investing $200M in Distributed Energy Platform Aspen Power
New York-based distributed energy platform Aspen Power is strengthening its future project pipeline thanks to a new $200 million capital round provided by Deutsche Bank.
Aspen Power closed on the financing round and will utilize that money to support growth initiatives. The developer is focused on carbon-free and low-carbon distributed energy projects, such as community, commercial and industrial solar.
“Deutsche Bank recognizes the growing demand for distributed clean energy and the related need for flexible development capital,” said Jeremy Eisman, Head of Infrastructure and Energy Financing, Deutsche Bank, in a statement. “We believe Aspen Power’s strategy and execution are well-aligned with the transition to a low-carbon future, and we are proud to join Carlyle in supporting Aspen’s next phase of growth and development.”
Four months ago, Aspen Power closed on acquiring two solar farms totaling 6.85 MW direct current capacity in Pennsylvania. Those projects were the first deals in a 18-MW portfolio under contract with Syncarpha Capital.
Also in September 2025, Aspen Power acquired a 4-MW community solar project in New York state.
Aspen Power’s distributed generation objectives were accelerated with an earlier $350 million investment from funds managed by Carlyle. The Carlyle investment helped Aspen Power fund its acquisition of Safari Energy from PPL Corp.
Various reports indicate that, despite some opposition to renewables within the Trump Administration, that industrial solar investment could reach $9 billion in the U.S. just in the first half of 2026. Last year, installed solar capacity in the U.S. totaled close to 40 GW.
Germany-based Deutsche Bank’s clean energy strategy is aimed at close to 900 billion Euros (US$1.04 trillion) in sustainability and energy transition investment throughout this decade.
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EnergyTech Staff
Rod Walton is head of content for EnergyTech.com. He has spent 17 years covering the energy industry as a newspaper and trade journalist.
Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.
He can be reached at [email protected].
EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.
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