GS Power Partners, an independent power producer backed by CVC DIF and dedicated to advancing America’s clean power future, successfully closed a $250 million capital raise provided by Deutsche Bank.
The $250 million 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 funding enables GS Power to continue to 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,” Jason Kuflik, founder and CEO of GS Power Partners, said. “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.”
Jeremy Eisman, head of infrastructure and energy financing at Deutsche Bank, said, “GS Power Partners has built a strong platform in the distributed generation clean energy sector. 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 is serving as administrative agent, and Wilmington Trust is serving as collateral agent. Marathon Capital acted as GSPP’s financial advisor. Morgan, Lewis & Bockius served as legal counsel to GS Power Partners. White & Case acted as legal counsel to Deutsche Bank.
