GS Power Partners

What GS Power Partners does

GS Power Partners is a privately held, distributed generation independent power producer (IPP) headquartered in Stamford, CT that develops, finances, owns, and operates solar and community solar projects for commercial, industrial, institutional, and residential customers across the Northeast and Midwest United States. The company was founded in 2015 as Green Street Power Partners, rebranded to GS Power Partners in December 2024, and has been majority-owned by CVC DIF (formerly DIF Capital Partners) since April 2023 through its DIF Infrastructure VII fund. As of recent disclosures it operates a 400+ MW portfolio of solar assets with a 1+ GW development pipeline, has deployed over $6 billion of capital across its platforms, and manages approximately $21 billion in assets on behalf of Deutsche Bank's PCI group.

The company's core products are distributed generation (DG) solar projects for commercial and industrial customers, community solar farms that allow nearby residents and businesses to subscribe to a share of renewable energy at approximately 10% savings versus utility rates, and a solar-and-storage development platform underpinned by a centralized corporate capital facility. Its technology stack is centered on a community solar subscription management platform (delivered via partners PowerMarket and Neighborhood Sun), proprietary tax equity structuring capabilities, and a multi-party partner ecosystem spanning developer/EPC partners (SunVest Solar, Black Bear Energy), property owners (Kimco Realty), utilities (National Grid), and capital partners (Deutsche Bank, AB CarVal, Amalgamated Bank, Greenprint Capital). It does not produce proprietary hardware or software.

GS Power Partners generates revenue through long-term power purchase agreements (PPAs) with commercial, industrial, and community solar subscribers (a subscription-recurring model), structured tax equity financing partnerships with financial institutions (transaction-fee economics), and asset management services for institutional capital partners (managed-services fees). It employs 58+ people across Stamford, CT; New York, NY; and Tallahassee, FL, and serves enterprise customers such as SUNY ESF, Kimco Realty, Principal Asset Management, and Stop & Stor alongside a long tail of community solar subscribers.

Name

GS Power Partners

Legal name

Green Street Power Partners, LLC

Website

https://gspowerpartners.com/

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

GS Power Partners is a privately held distributed generation solar independent power producer that develops, finances, owns, and operates commercial, industrial, and community solar projects across the Northeast and Midwest, serving C&I enterprises, property owners, and residential community solar subscribers.

Ownership category

akta.pro rank

Product category

Independent Solar Power Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC), Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical) (EUAGADAA), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

Keywords

• Distributed solar generation
• Community solar projects
• Commercial solar development
• Solar project financing
• Renewable energy development

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Solar Project Development and Ownership: Developing, owning, and operating solar projects across the Northeast and Midwest. Revenue generated through long-term power purchase agreements (PPAs) with commercial, industrial, and community subscribers
2. Power Purchase Agreement (PPA) Sales: Selling solar-generated electricity through PPAs to commercial customers, utilities, and community solar subscribers at competitive rates
3. Tax Equity Financing: Providing tax equity financing structures for solar projects in partnership with financial institutions like AB CarVal and others
4. Asset Management Services: Managing solar assets on behalf of investors and capital partners, including Deutsche Bank PCI group ($21B in assets managed)

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

GS Power Partners acquires, develops, finances, owns, and operates distributed generation solar energy systems and community solar projects for commercial, industrial, institutional, and residential community subscribers across the Northeast and Midwest United States. The company delivers clean energy through long-term power purchase agreements (PPAs), manages a 400+ MW operating portfolio with a 1+ GW development pipeline, and provides asset management services for solar and storage assets.

Product overview

GS Power Partners is a distributed generation Independent Power Producer (IPP) that operates as a single unified platform for solar energy development, financing, and operations. The company offers community solar projects, commercial and industrial (C+I) solar solutions, and solar-plus-storage development. Their integrated approach encompasses project acquisition, development, financing, construction management, asset management, and subscriber services. The portfolio includes 400+ MW of operational solar assets with a 1+ GW development pipeline concentrated in the Northeast and Midwest markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Distributed Generation Solar Projects
• Community Solar Projects
• Solar Asset Management Services
• Solar and Storage Development Platform

Quantifiable outcome

• 10% savings on electricity bills for community solar subscribers
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• PowerMarketcoreTechnology or IntegrationCommunity solar subscriber management platform partner. Provides software platform for managing subscriber enrollment, billing, and ongoing customer management for community solar programs.
• Neighborhood SuncoreTechnology or IntegrationCommunity solar management partner for subscriber acquisition and management. Works with GS Power Partners on community solar program operations.
• Black Bear EnergycoreStrategic or Co-development PartnerFacilitated the Dorsey Run Solar project development. Strategic partner for project origination and development support.
• Community Solar Authority (CSA)coreStrategic or Co-development PartnerPartnership for community solar development and program management. Collaborative relationship for expanding community solar footprint.
• SunVest SolarcoreStrategic or Co-development PartnerDeveloper partner for solar project development. Provides project development expertise and pipeline growth for GS Power Partners.
• Kimco RealtycoreChannel Partner/ Reseller/ DistributorProperty owner partnership providing commercial real estate sites for solar installations. Enables ground and rooftop solar development on Kimco properties.
• National GridcoreStrategic or Co-development PartnerUtility partner for grid interconnection and energy distribution. Key utility relationship for project development in service territories.
• Eden RenewablesminorStrategic or Co-development PartnerAcquired the Hof Community Solar Project from Eden Renewables. Asset acquisition partnership for expanding community solar portfolio.
• Bear Peak PowerminorStrategic or Co-development PartnerMentioned as a partner entity in GS Power Partners' logo/partnership section. Nature of partnership not extensively detailed.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Dimension Energy: Dimension Energy is a community solar and DG solar developer focused on US markets. Directly comparable in community solar subscriber model, project financing structures, and development pipeline approach.
• CleanCapital: CleanCapital is a clean energy investment platform that acquires, develops, and manages distributed solar and storage assets. GSPP's President Nick Sangermano was a Senior Advisor at CleanCapital, indicating direct operational overlap in community solar and DG development.
• Solar Landscape: Solar Landscape is a commercial and community solar developer serving Northeast and Mid-Atlantic markets. Comparable in rooftop/ground-mounted C&I solar, community solar subscriber programs, and geographic overlap with GSPP.
• Standard Solar: Standard Solar develops, finances, owns, and operates commercial and community solar projects across the US. Highly comparable business model (development + ownership + asset management) and customer focus on C&I and community solar subscribers.
• Nexamp: Nexamp is one of the largest community solar developers and operators in the US, focused on Northeast and Midwest markets. Directly comparable to GSPP in community solar subscriber management, C&I offerings, and tax equity structuring; notably, GSPP's GC Nick Kamphaus joined from Nexamp.
• Pivot Energy: Pivot Energy is a national community solar developer serving commercial, residential, and institutional customers across multiple states. Comparable in customer segments (C&I plus community solar subscribers), PPA-based revenue model, and US geographic footprint.
• Convergent Energy + Power: Convergent Energy + Power is a North American solar and storage IPP serving C&I and utility customers. GSPP's new CFO Raj Narayanan joined from Convergent, indicating direct operational and financial overlap in DG solar development.
• MN8 Energy: MN8 Energy is a renewable energy developer and operator specializing in distributed solar, community solar, and energy storage across the US. Comparable business model as a PE-backed (BlackRock) solar IPP with C&I and community solar focus.

Broad incumbents

• Engie Distributed Solar: Engie is a global utility with significant distributed solar and community solar operations in the US through its distributed solar business. Comparable in C&I and community solar customer segments, with broader portfolio and balance-sheet capacity than GSPP.
• Cypress Creek Renewables: Cypress Creek Renewables is a large-scale solar developer and operator with utility-scale and community solar portfolios across the US. Comparable solar IPP business model, though with broader geographic scale and more utility-scale exposure than GSPP's DG focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gs-power-partners
• Xx.com/greenstpower

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GS Power Partners