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DSD Closes $300M Debt Facility with Credit Suisse To Support Solar Innovation Over Next 24 Months [Press Release]
SCHENECTADY, N.Y. — January 26, 2021 — Distributed Solar Development (DSD) announced today the closing of a $300M debt facility financed by Credit Suisse, the first of multiple financing deals DSD expects to close on this winter. The financing is aligned with DSD’s 2021-2022 clean energy projects under development and flexible enough to support its anticipated scale of growth.
“This facility provides a flexible back leverage solution that allows DSD to focus on originating and developing assets, rather than ongoing financing,”
“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 solar, industrial renewable energy projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.
“This facility provides a flexible back leverage solution that allows DSD to focus on originating and developing assets, rather than ongoing financing,” said Jamie Hutson, Director of Structured Finance at DSD. “It provides the kind of flexibility an innovative developer requires and helps fulfill our vision for making distributed solar energy more widely available. We look forward to building this relationship.”
About DSD Renewables
DSD Renewables (DSD) is a renewable energy solutions platform enabling a more sustainable future by deploying and operating renewable energy solutions, making solar, storage, and EV charging infrastructure more accessible to commercial, industrial, and municipal partners. With in-house expertise, a broad scope of capabilities, and the proprietary DSD Connect Platform, our team provides resources to industry partners and customers across the US, accelerating the deployment and scale of renewable energy to meet aggressive sustainability and net-zero goals. To learn more, visit DSDRenewables.com and connect with us on LinkedIn, Instagram, and Facebook.
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