Goldman Sachs and TELOS Partners to Develop Commercial-Scale Solar Projects

Goldman Sachs can invest up to $275mm to finance the activities of the joint venture and own assets, combining financing provided by several parties via tax equity, debt, and sponsor investments into a single capital source. TELOS Clean Energy will provide the development and construction expertise necessary to originate, execute and asset manage

March 11, 2020. By News Bureau

Tags:

TELOS Clean Energy announced the closing of a joint venture with Goldman Sachs' Alternative Energy Investing Group to develop, construct, own, and operate distributed solar power projects. The solar projects will be expected to sell power to commercial, industrial and municipal customers.

Goldman Sachs can invest up to $275mm to finance the activities of the joint venture and own assets, combining financing provided by several parties via tax equity, debt, and sponsor investments into a single capital source. TELOS Clean Energy will provide the development and construction expertise necessary to originate, execute and asset manage the portfolio.

The joint venture brings on former partners of Greenskies Renewable Energy, including TELOS' CEO Andrew Chester and head of business development, Michael Daly. "We are thrilled to be working with the Alternative Energy Investing Group at Goldman Sachs. Specializing in development, construction, and asset management, this joint venture will allow us to scale and execute at pace," said Chester.

Vivek Kagzi, of Goldman Sachs' Alternative Energy Investing Group, said "This joint venture with Telos is an example of our commitment to investments in the distributed solar space and affirms our strategy of providing comprehensive financing solutions to sponsors. We have been impressed with the track record of the Telos principals and look forward to working with them to build upon their success."

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
 
Next events

 

Last interview
 
 
Privacy Policy (PDF) / Terms and conditions (PDF)
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.