- Strategic Growth: MSIP’s investment transitions Torch Clean Energy from a developer to an integrated clean power platform.
- Market Expansion: Torch is well-positioned in high-demand regions, including the Mid-Atlantic and the desert Southwest.
- Enhanced Capabilities: The partnership enables Torch to scale operations across development, construction, and asset management.
Morgan Stanley Infrastructure Partners (MSIP) has made a strategic investment in Torch Clean Energy, a U.S.-based solar and storage developer, to expand and evolve its business model. The investment allows Torch to transition into a fully integrated clean power platform, enhancing its development, construction, and asset management capabilities.
Positioning for Growth
Since its founding, Torch has developed and sold over 1.2 GW of renewable energy assets across key U.S. markets. With strong relationships in the Mid-Atlantic—home to a growing data center demand—and the solar-rich desert Southwest, the company is well-positioned to capitalize on expanding energy needs.
Jonathan Kilberg, CEO of Torch Clean Energy, emphasized the impact of the partnership: “This partnership gives us the resources and support to scale our operations, enhance our capabilities, and continue to deliver real value to our customers.”
MSIP’s Strategic Role
MSIP’s investment supports Torch’s expansion into an integrated independent power producer. The firm will leverage its network and platform resources to build out construction, operations management, procurement, and project finance capabilities.
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Chris Ortega, Head of Americas for MSIP, highlighted the growth potential: “Torch is well-positioned to benefit from the industry tailwinds of electrification and data center demand through its differentiated strategy of siting high-value contracted projects in growing markets.”
Advisory Teams
Legal and financial advisory firms involved in the transaction include:
- Torch Clean Energy: Legal counsel by Latham & Watkins LLP, financial advisory by KeyBanc Capital Markets.
- MSIP: Legal counsel by Simpson Thacher & Bartlett LLP, financial advisory by Santander.
Bottom Line
MSIP’s investment marks a significant step for Torch Clean Energy, strengthening its role in the renewable energy transition. The partnership provides Torch with the resources needed to scale, innovate, and meet rising clean energy demands.
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