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Morgan Stanley Infrastructure Partners (MSIP) and Torch Clean Energy, a leading U.S.-based utility-scale solar and storage developer, have announced a strategic partnership to enhance and expand Torch’s platform. MSIP’s investment will support Torch’s transition from a development-focused company to a fully integrated clean power platform with expertise in development, construction, and asset management. Since its founding, Torch has successfully developed, originated, and sold over 1.2 gigawatts of renewable energy assets across its core markets. The company has built strong relationships with offtakers and adopted a strategic approach to siting and interconnection. Torch has significant experience developing projects throughout the U.S., particularly in two key regions: the Mid-Atlantic, including Virginia—a hub for data center demand—and the desert Southwest, known for its robust solar resources. With its established position, strong partnerships, and proven track record, Torch is well-positioned to capitalize on the growing power needs in these regions. Jonathan Kilberg, CEO of Torch Clean Energy, said, “We are excited to partner with Morgan Stanley Infrastructure Partners. This partnership gives us the resources and support to scale our operations, enhance our capabilities and continue to deliver real value to our customers. Together, we’re focused on driving innovation, improving efficiency, and meeting the rising demand for clean, reliable energy and capacity.” Chris Ortega, Head of Americas for MSIP, mentioned, “We are thrilled to partner with the Torch team through this strategic investment that will support the next phase of their journey, transitioning into an integrated renewable power business. We believe 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.” Torch Clean Energy has partnered with MSIP to enhance its services as a fully integrated development and operating platform. Through this collaboration, MSIP will help Torch strengthen its capabilities in construction and operations management, procurement, and project financing by utilizing MSIP’s extensive network and platform resources. This partnership positions Torch to grow as an independent power producer, offering greater value to its customers. Legal counsel for Torch was provided by Latham & Watkins LLP, while KeyBanc Capital Markets acted as its financial advisor. MSIP was advised by Simpson Thacher & Bartlett LLP as legal counsel, with Santander serving as its financial advisor. |
