The JV, revealed via a press release on Tuesday, will develop, construct, own and operate distributed solar power projects for commercial, industrial and municipal customers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Regular insight and analysis of the industry’s biggest developments
In-depth interviews with the industry’s leading figures
Unlimited digital access to the PV Tech Power journal catalogue
Unlimited digital access to the Photovoltaics International journal catalogue
Access to more than 1,000 technical papers
Discounts on Solar Media’s portfolio of events, in-person and virtual

View all benefits & pricing

Or continue reading this article for free

The hundred-million-dollar investment from Goldman Sachs’ Alternative Energy Investment Group will finance the JV’s activities and be spent on purchasing assets. The funding will come from several sources, including debt, tax, equity and other sponsor investments.

Approached by PV Tech, a Goldman Sachs spokesperson declined to shed light on the targeted capacity, timeline and location of projects.

Vivek Kagazi of Goldman Sachs’ Alternative Energy Investment Group said the initiative was testament to the bank’s “commitment to investments in the distributed solar space”.

Turnkey renewables firm TELOS Clean Energy, which claims to have “executed hundreds of PPAs [power purchase agreements] nationwide” on its website, will manage the development and construction of projects.

Andrew Chester, TELOS Clean Energy CEO, said the cash injection would allow the firm to “scale and execute at pace”.

Chester was formerly partner and vice-president at Greenskies Renewable Energy, a Connecticut-based developer of community and commercial projects. He founded TELOS Clean Energy this month with former Greenskies Renewbale Energy business development manager Mike Daly, according to LinkedIn.

Greenskies Renewable Energy was purchased by US infrastructure fund JLC Infrastructure in January.

The prospects and challenges of solar's new era in the US will take centre stage at Large Scale Solar USA 2020 (Austin, Texas, on 23-24 June 2020).

UPCOMING EVENT

PV ModuleTech USA 2025

17 June 2025

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

UPCOMING EVENT

PV CellTech USA 2025

7 October 2025

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.