Goldman Sachs and Telos come together for solar energy projects
alternativeenergy24 | March 11, 2020
American multinational investment bank and financial services company- Goldman Sachs has announced a collaborative project with Saratoga Springs, New York based Telos Clean Energy to construct, own, build and operate solar power projects. In the wake of the recent deal between Telcos and Goldman Sachs solar farms will be developed to sell power to industrial, commercial and municipal customers. Sources reveal Goldman Sachs will invest up to $275m to finance the JV and own assets. It will also combine finance provided by several parties through debt, tax equity and other sponsor investments, making into a single capital source. Furthermore, Telos will also be responsible for the expertise of construction and development which will be necessary for proper execution, origination and asset management of the portfolio.