Radial Power Leads Market with First Completed Projects Under Austin Energy’s Solar Standard Offer Program
Radial Power, a national leader in distributed solar solutions for commercial and industrial real estate, today announced the commissioning of two new rooftop solar projects—Tuscany 6 (446.6 kWDC) and Tuscany 9 (855.8 kWDC)—developed under Austin Energy’s Solar Standard Offer (SSO) program. Together, the systems add more than 1.97 GWh of clean, locally produced solar energy to the Austin grid annually.
Radial Power Closes $355 Million Tax Equity and Debt Financing with Goldman Sachs to Support 214 MW Distributed Solar Portfolio
Radial Power, an affiliate of energyRe, a leader in delivering reliable and affordable energy solutions, and Lotus Infrastructure Partners, a leading private equity firm focused on energy infrastructure investments, today announced the closing of a $355 million tax equity and debt financing with Goldman Sachs, to support the development, construction, and operation of approximately 214 megawatts (MW) of distributed solar capacity across 106 projects nationwide. The financing utilizes Goldman’s “End-to-End Distributed Generation” financing structure to provide a single source of third-party funding for the portfolio.
