Gold Sachs Renewable Power spin-out MN8 Energy has raised US$325 million in private placement from Mercuria and Ridgewood. The company was founded inside Goldman Sachs Asset Management in 2017 and was spun out into a separate, independently-owned company in 2022. MN8, which has 3.2GW of solar PV projects spread across 875 projects in 28 states, serves ‘enterprise customers’ and has a commercial and industrial segment focus. It also has 270MW of battery storage projects and electric vehicle (EV) charging solutions. In addition, Lightshift Energy, formerly known as Delorean Power, has raised $100 million from two sustainable infrastructure investment vehicles managed by Greenbacker Capital Management.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







