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DSD Secures $85M in Tax Equity Financing from Bank of America to Support Expanding Pipeline of Distributed Generation Solar Through 2021 05/20/2021 | 09:05am EDT Send by mail : Message : Required fields Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority Value of Distributed Energy Resources (VDER) assets. This is the third major financing deal DSD has closed this year. DSD previously announced a two-year, $300 million debt facility financed by Credit Suisse in January and a two-year, $150 million construction revolver with Rabobank in March, both of which will support DSD’s expanding pipeline of distributed generation solar projects in the C&I market. ....
Distributed Solar Development is now 100% owned by BlackRock bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Distributed Solar Development secures $450 million in financing for solar projects bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Distributed Solar Development (DSD) has completed a custom solar carport designed and built for IKEA Baltimore. Initial results exceeded expectations with the location seeing an 84% decrease in the amount of energy needed to be purchased between September – December 2020, equating to a 57% cost savings for the store. This is the first of eight projects that DSD will develop for IKEA U.S. stores in Maryland and California, which are on track to be completed in 2021. The projects will help the IKEA reach its goal of being powered by 100% renewable energy while increasing energy efficiency by 2025. / Advertisement / “IKEA is a clear environmental leader that sets the bar high for other global organizations,” says Erik Schiemann, CEO at DSD. “We’ve helped IKEA maximize its solar energy generation and expand its solar storage capacity, and we’re currently reviewing additional facilities for future solar project locations. With each installation, IKEA m ....
Courtesy of NREL The financing is aligned with DSD’s 2021-2022 projects under development and flexible enough to support its anticipated scale of growth. “Our team’s ability to map out projects is among the best in the industry” said Erik Schiemann, CEO at DSD. “The fact that our pipeline is developed to the point where we can sustain two-year availability with a leading global financial institution is a clear indication of how renewable energy is driving business as well as environmental responsibility.” The Credit Suisse debt facility will be used to finance a broad range of commercial and industrial projects and distributed generation assets and will accommodate multiple tax equity partnerships and structures. ....