Aspen Power closes $200M Deutsche Bank financing for US distributed solar

New York–based distributed generation platform Aspen Power has closed a USD 200 million capital commitment from Deutsche Bank, significantly strengthening its ability to scale distributed solar and storage projects across the United States.

The financing marks the first capital partnership between Aspen Power and Deutsche Bank, establishing a new long-term relationship focused on accelerating clean energy deployment. The capital will support multi-state project development, expanded vendor onboarding, and faster execution across both community solar and commercial & industrial (C&I) segments.

Backed by The Carlyle Group, Aspen Power operates an integrated business model covering origination, development, construction, and long-term asset ownership. Over the past year, the company has expanded its footprint in key US markets including New York, Illinois, New Jersey, and Pennsylvania, reinforcing its position as a growing distributed energy platform.

Most recently, Aspen Power acquired two 6.85 MWdc community solar projects in Northampton, Pennsylvania, assets expected to supply clean electricity to more than 800 homes. These additions highlight the company’s focus on scalable, community-based solar solutions that broaden access to clean energy while delivering predictable long-term returns.

The transaction reflects continued institutional appetite for distributed solar and storage in the US, where decentralised generation, grid resilience, and local energy solutions are increasingly central to the energy transition.

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