Goldman Sachs Asset Management’s alternative investments platform, Goldman Sachs Alternatives, announced an agreement with German power producer RWE’s U.S.-based subsidiary RWE America’s U.S. Distributed Clean Energy (DCE) business.

According to Goldman Sachs, the acquisition comes as surging power demand and grid decentralization are driving unprecedented demand for localized renewable energy.

Teresa Mattamouros, Managing Director within Infrastructure at Goldman Sachs Alternatives, said:

“This acquisition represents a compelling opportunity to build a market-leading distributed generation platform at a pivotal moment for U.S. power infrastructure.”

Mattamouros added that “Goldman Sachs Alternatives is well-positioned to accelerate the Company’s growth and deliver critical clean energy capacity to communities and businesses across the country.”

RWE’s DCE business includes over 300 MW of operating assets across 16 states, and a development pipeline of 1.2 gigawatts (GW). Goldman Sachs said that RWE employees who support DCE are expected to transfer with the business following completion of the transaction, positioning it for meaningful growth as a standalone platform.

Juan Felix, Managing Director within Infrastructure at Goldman Sachs Alternatives, said:

“Distributed generation is among the most critical segments of U.S. power infrastructure. We have spent years building deep sector expertise and relationships across the distributed generation landscape, and this transaction reflects our conviction that a scaled, institutionally-backed platform can capture outsized value.”

RWE said that the transaction will support RWE America’s strategic focus on utility-scale power business in the U.S., with the company investing in growing its portfolio of energy solutions to meet rapidly growing demand for reliable and affordable electricity​ in the U.S.

RWE Americas CEO Andrew Flanagan said:

“This transaction allows RWE to further sharpen its strategic focus on growing our utility-scale power business in America, while positioning DCE for continued success under new ownership.”

The companies said that the transaction is expected to close in Q4 2026, subject to regulatory approval.