Torch Clean Energy Forms Partnership to Advance Solar Initiatives

Torch Clean Energy Partners with Morgan Stanley Infrastructure Partners

In an exciting development for the renewable energy sector, Morgan Stanley Infrastructure Partners (MSIP) has forged a strategic partnership with Torch Clean Energy, a leading developer in utility-scale solar and storage solutions. This collaboration is set to pave the way for Torch to elevate its operations beyond traditional development, transitioning into a comprehensive integrated clean power platform.

Empowering Clean Energy Development

The partnership with MSIP comes at a pivotal time for Torch, enabling a significant financial investment that will enhance its capabilities across development, construction, and asset management. With a rich history of successfully originating and developing over 1.2 gigawatts of renewable power assets, Torch is now poised to leverage this strategic backing to further its mission of delivering clean energy solutions.

Torch Clean Energy has built a robust reputation for fostering strong relationships with off-takers and establishing a strategic approach to project siting and interconnection. The company specializes in regions known for their energy demand, particularly the Mid-Atlantic states and the desert Southwest, which benefit from consistent solar resources. These areas present ripe opportunities for growth, and Torch is well-equipped to take advantage of the increasing power needs.

A Vision for the Future

Jonathan Kilberg, CEO of Torch Clean Energy, expressed enthusiasm regarding the partnership, stating that the collaboration provides crucial resources aimed at scaling operations and enhancing service delivery. The focus will be on driving innovation and improving efficiencies in response to the rising demand for clean, reliable energy and capacity. By partnering with MSIP, Torch is committed to enriching its offerings to customers and establishing itself further as an independent power producer.

The resources lent by MSIP will support Torch's operational expansion, equipping the company with the necessary tools for construction management, project financing, and procurement. This transformation signifies a strategic shift that will enable Torch to deliver enhanced value to its customers.

Expertise and Market Positioning

Chris Ortega, Head of Americas for MSIP, also remarked on the potential of this investment, highlighting that Torch stands to gain significantly from industry trends such as electrification and increased demand from data centers. By strategically locating high-value projects in growing markets, Torch is in a prime position to capitalize on these trends.

The synergy created by this partnership is poised to lead to innovative solutions that cater to evolving energy demands. Legal advisors for Torch included Latham & Watkins LLP, while KeyBanc Capital Markets served as its financial advisors.

About Torch Clean Energy

Torch Clean Energy is dedicated to advancing the clean energy sector and excels in developing diverse projects involving solar, wind, and battery energy storage. With extensive experience in project development, permitting, and construction, Torch has successfully managed an impressive portfolio of renewable power projects. Their commitment to sustainable solutions makes them a significant player in this vital industry.

About Morgan Stanley Infrastructure Partners

Morgan Stanley Infrastructure Partners is a prominent global private infrastructure investment platform, with a solid track record of approximately $17 billion in assets under management. Since its inception, the firm has engaged in a diverse array of investments across sectors such as energy transition and utilities, targeting assets that deliver essential public goods.

Frequently Asked Questions

What is the significance of the partnership between Torch Clean Energy and MSIP?

This partnership enables Torch to expand its clean energy capabilities, enhancing its operations and strategic positioning in the market.

What projects does Torch Clean Energy focus on?

Torch specializes in developing utility-scale solar energy, wind, and battery storage projects, leveraging a strong track record.

How will this partnership benefit customers?

Customers will gain access to improved services and innovative clean energy solutions as Torch expands its operational offerings.

Where does Torch Clean Energy operate?

Torch focuses on key regions with high energy demands, particularly in the Mid-Atlantic and desert Southwest, making optimal use of solar resources.

What does Morgan Stanley Infrastructure Partners bring to the table?

MSIP offers significant financial investment and expertise in project development that will support Torch’s expansion and operational efficiency.

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