Radial Power Secures $355M Investment from Goldman Sachs for Solar Projects

Banking and lending giant Goldman Sachs is leading financing on a 214-MW portfolio of distributed and community solar projects across the U.S.

Radial Power and private equity firm Lotus Infrastructure Partners closed the $355 million tax equity and debt financing round with Goldman Sachs. The financing utilizes Goldman’s “End-to-End Distributed Generation” financing structure to provide a single source of third-party funding for the portfolio.

"Goldman Sachs is excited to partner with Radial Power in the continued expansion of their distributed generation solar 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," said Ryan Newman, Managing Director and Head of Energy Tax Investing at Goldman Sachs, in a statement.

Radial Power is an affiliate of renewable project developer energyRe. The portfolio consists of commercial and community solar markets around the U.S., most with operational dates between December 2025 and the end of 2026.

Goldman Sachs was the sole lender and tax equity investor on the round. Marathon Capital served as financial advisor to Radial Power on the transaction. Latham & Watkins LLP served as legal counsel to Radial Power, and Vinson & Elkins LLP served as legal counsel to Goldman Sachs.

Renewable energy resource projects are entering a new period without some of the certainty of incentives and tax credits created during the Biden Administration and earlier, but private investment backing of solar continues to be strong. A 2025 Goldman Sachs Research report forecasts expected rapid growth in the sector, with global solar installations set to rise to 914 GW in 2030, 57% above 2024 levels.