Tuesday, 20 April 2021 D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America, has achieved financial closing of Assembly Solar III, a 79-megawatt solar project in Lennon, Michigan. DESRI is moving forward with construction after securing both construction debt and tax equity financing for the project. Courtesy of NREL The Assembly Solar III project is the third phase of the Assembly Solar project in Michigan to begin construction. The projects were developed by Ranger Power, a utility-scale solar developer headquartered in Chicago, in partnership with DESRI, and are being constructed by McCarthy Building Companies, Inc. Assembly I began operating in December 2020 and Assembly II is slated to reach commercial operation in the third quarter of 2021.