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DSD lands US$150m construction finance for C&I solar pipeline
The funding has been secured from Rabobank. Image: DSD
US solar and energy storage 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 for the next two years.
The food and agribusiness bank has provided DSD with a two-year, US$150 million construction revolving credit facility, weeks after the distributed solar developer secured a US$300 million debt facility from Credit Suisse.
DSD said in a statement that the flexible structure of the revolving credit, which incorporates multiple tax partnerships, “aligns strongly” with its Credit Suisse deal. At the time of the agreement, DSD said it expects to close “multiple financing deals” by the end of winter.