- Slice of Energy
- Posts
- GS Power Partners Secures $22M Financing for NY Solar Projects
GS Power Partners Secures $22M Financing for NY Solar Projects
Slice of Energy Team
March 13, 2025
Key Highlights:
GS Power Partners (GSPP) secures $22M financing from Amalgamated Bank (Nasdaq: AMAL).
Five community solar projects in New York totaling 25.5 MWdc benefit from the funding.
East Road North & South in Lowville, NY set to begin operations next month.
Little Bow North & South (Gouverneur) and Fox Road (Marcy) already completed in 2023.
Winthrop & Weinstine served as the Lender Counsel.
Source: Business Wire
Notable Quotes:
“We are pleased to announce this financial close, alongside our partnership with Amalgamated Bank. As we continue to expand GS Power Partners’ portfolio in key geographies such as New York, our focus on investor returns remains a top priority. Moreover, we continue to construct and manage solar projects that benefit energy customers and advance the energy transition.”
“We appreciate the opportunity to expand our relationship with GSPP in addition to helping hundreds of New Yorkers gain access to renewable energy and the ability to achieve a more sustainable living environment. These community solar projects are a great example of how public-private collaboration can grow the clean economy and make a difference in people’s lives.”
Why This Matters:
This financing underscores the accelerating momentum behind community solar initiatives in New York, supporting the transition to clean energy and improving accessibility for residents. GS Power Partners' strategic expansion aligns with state and national sustainability goals while delivering tangible benefits to local communities. The collaboration with Amalgamated Bank highlights the growing role of mission-driven financial institutions in propelling the renewable energy economy forward.