Torch Clean Energy Announces Strategic Partnership with Morgan Stanley Infrastructure Partners
Morgan Stanley (MS)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Infrastructure Partners (MSIP) and Torch Clean Energy (Torch or the Company), a premier U.S.-based utility-scale solar and storage developer, today announced a strategic partnership to expand and transition the Torch platform. MSIP will make a strategic investment in Torch, enabling it to transition from a development platform to an integrated clean power platform with capabilities across development, construction and asset management.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 the United States, including in two key attractive markets: the Mid-Atlantic (including Virginia), a demand hub for data centers, and the deser
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