US commercial and industrial (C&I) PV developer DSD Renewables (DSD) has secured a US$200 million preferred equity investment from Ares Management Corporation to increase its growth.
A round-up of the latest news from the US solar market, as Amber Infrastructure Group forms a Michigan-focused renewables development firm and Guzman Energy partners with Primergy Solar on a new Colorado PV project.
Distributed solar specialist DSD has raised US$85 million in tax equity financing to fund the development of its commercial and industrial (C&I) project pipeline.
Asset managing giant BlackRock has raised US$4.8 billion from institutional investors to fund renewable power generation projects in Europe, Asia and the Americas.
US solar company Distributed Solar Development (DSD) has secured construction finance worth US$150 million from Rabobank to support its commercial and industrial (C&I) development pipeline.
A round-up of the latest news from the US PV sector, as BlackRock acquires Distributed Solar Development, Cypress Creek closes US$200m of financing and Vanderbilt University moves towards 100% renewables.
Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.
BlackRock took an 80% stake in the new company, Distributed Solar Development, in an undisclosed deal. The new business will design, build, own and operate distributed solar and storage solutions for industrial, commercial and public-service customers.
