Business Wire·Mar 16, 2026, 5:31 PM ET

Solaris Energy Infrastructure Announces 900 MW Capacity Expansion and Closes New Growth Capital Financing

Solaris Energy Infrastructure closed two transactions to add approximately 900 MW of natural gas-fueled turbine capacity between 2026 & 2029.
Total power generation capacity is projected to reach approximately 3,100 MW by the end of 2029.
On March 16, 2026, Solaris acquired Genco Power Solutions, adding 400 MW of incremental capacity including 100 MW of currently operated & contracted assets.
On March 13, 2026, Solaris purchased 30 turbine delivery slots to provide approximately 500 MW of capacity between early 2027 & 2029.
Closing consideration included $240 million in cash, 4 million Class A shares valued at $215 million, & $165 million in assumed indebtedness.
Solaris expects additional payments of approximately $935 million over the next 3.5 years for capital expenditure progress payments.
The Company secured a new $300 million credit facility from Goldman Sachs & Co & Santander to support ongoing growth.
Solaris is evaluating additional financing or refinancing options to establish a more permanent capital structure.
Management highlighted that demand for power generation solutions continues to outpace committed & on-order capacity.
The new financing provides substantial liquidity to support near-term cash requirements while implementing strategic priorities.