Torch Clean Energy Announces Strategic Partnership with Morgan Stanley Infrastructure Partners
Torch has a demonstrated track record of success, having originated, developed, and sold more than 1.2 gigawatts of renewable power assets in its core markets since its founding. The Company has cultivated close offtaker relationships and has developed a strategic approach to siting and interconnection. Torch has developed deep expertise developing projects throughout
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.”
Torch’s partnership with MSIP allows the Company to expand upon its value offering to customers as an integrated development and operating platform. MSIP will support the Company’s build-out of construction and operations management, procurement and project finance capabilities, leveraging MSIP’s network and platform resources. This evolution will allow Torch to expand its value offering to customers as an integrated independent power producer.
“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,” said Chris Ortega, Head of
Latham & Watkins LLP served as legal counsel for Torch Clean Energy, with KeyBanc Capital Markets serving as financial advisor. Simpson Thacher & Bartlett LLP served as legal counsel for MSIP, with Santander serving as financial advisor.
About Torch Clean Energy
Torch Clean Energy is a clean energy and battery storage developer with extensive experience developing, permitting, designing, and building solar, wind, and battery energy storage projects. Torch has originated, developed, and sold 1.2+ GW of renewable power projects. For further information about Torch Clean Energy, please visit www.torchcleanenergy.com.
About Morgan Stanley Infrastructure Partners
Morgan Stanley Infrastructure Partners (MSIP) is a leading global private infrastructure investment platform with approximately
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
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Source: Morgan Stanley Infrastructure Partners