Solaris Energy Infrastructure announced a major expansion of its power generation capabilities alongside new financing, positioning the company to meet rising demand across data center, energy, and industrial markets.
The company revealed two transactions that will add approximately 900 MW of natural gas-fueled turbine capacity between 2026 and 2029, increasing its total projected generation capacity to about 3,100 MW by the end of that period. Alongside this expansion, Solaris secured a $300 million credit facility to support its growth strategy and near-term capital needs.
The expansion includes the acquisition of Genco Power Solutions, which will contribute 400 MW of additional capacity between 2026 and 2028, including around 100 MW of currently operating and contracted capacity. Solaris also purchased 30 turbine delivery slots, expected to add another 500 MW of capacity between early 2027 and 2029.
To complete these transactions, Solaris paid approximately $240 million in cash, issued around 4 million Class A shares valued at about $215 million, and assumed roughly $165 million in debt. The company expects to make an additional $935 million in payments over the next three and a half years, primarily tied to capital expenditures for generation and emissions control equipment.
The newly secured $300 million credit facility, backed by Goldman Sachs and Santander, is intended to provide liquidity as Solaris executes its expansion plans and evaluates longer-term financing options to establish a more permanent capital structure.
Solaris said demand for its power generation solutions continues to exceed its current and planned capacity, particularly as customers seek faster access to reliable energy sources amid supply constraints.
KEY QUOTES:
“The Solaris team’s ability to identify and secure this level of high-quality power generation capacity underscores the strength and agility of our organization. The additional scale and phased delivery of this new capacity provides immediate value to customers by delivering near-term generation that is currently unavailable from traditional supply chain channels, which accelerates time-to-power and enables our customers to quickly ramp their operations. We are excited to deploy this additional capacity to serve both existing partners and new customers, further establishing Solaris as a trusted leader in this dynamic, high-growth market. As we recently said on our earnings call, demand for our power generation solutions continues to outpace our committed and on-order capacity, which remains the case.”
Bill Zartler, Chairman And Co-Chief Executive Officer, Solaris Energy Infrastructure; Amanda Brock, Co-Chief Executive Officer, Solaris Energy Infrastructure
“The successful completion of this recent financing transaction provides Solaris with substantial liquidity to support our near-term cash requirements and ongoing operations as we implement a more permanent capital structure. This additional runway allows our team to focus on executing our strategic priorities while we explore other credit and capital markets options.”
Stephan Tompsett, Chief Financial Officer, Solaris Energy Infrastructure
