DSD Acquires 15 MW Community Solar Portfolio from New Energy Equity in Minnesota

Project will provide power to an estimated 900 subscribers across eight cities

SCHENECTADY, N.Y. — September 20, 2023 — DSD Renewables (DSD) has acquired a nine-project, 15-megawatt (MW) community solar portfolio in Minnesota from New Energy Equity. The 100% residential-offtake portfolio is estimated to generate more than 20,000 total megawatt hours (MWh) annually, delivering power to approximately 900 subscribers.

The acquisition increases DSD’s existing footprint in the state, following the acquisition of an 11.3 MW community solar portfolio in Minnesota just last year. This latest agreement allows  DSD to help the state meet its goal of transitioning to 100% clean energy usage by 2040.

“We’re thrilled to partner with DSD on this great community solar portfolio, which will increase access to clean energy and positively impact Minnesotan communities,” said Josh Kunkel, President of New Energy Equity. “The state’s recently extended community solar program is a win for communities and developers alike, and we are excited to continue to support the clean energy transition in Minnesota.”

This latest agreement allows DSD to help the state meet its goal of transitioning to 100% clean energy usage by 2040.

Ground-mounted panels will be installed in Belle Plaine, Clear Lake, Howard Lake, Mankato, Mazeppa, Saint Cloud, Sauk Rapids, and Winsted. This site in Winsted is an agrivoltaic project, pairing solar panels with farmland to optimize land use. It not only helps farmers be more sustainable, but shade from the panels can also help certain crops better survive the weather elements. Recent Cornell research found that agrivoltaic projects can even increase the output of solar panels, as well.

“It has been promising to watch Minnesota lead the way in community solar adoption the last several years,” said Ryan Lloyd, Director of Asset Acquisitions at DSD Renewables. “Partnering with New Energy Equity has unlocked the opportunity to work with local farmers on implementing projects in a new way that widens access and optimizes land use. This unique portfolio will have a lasting impact, offsetting electricity bills for hundreds of Minnesotan homes, promoting sustainable agricultural practices that benefit farmers and their crops, and reducing the state’s carbon footprint.”

Construction is already underway on four projects and is slated to start at the remaining five sites by the end of 2023. Completion of the entire portfolio is expected by 2024. Arcadia Power will handle customer acquisition and subscriptions for the projects.

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 LinkedInInstagram, and Facebook.

About New Energy Equity

New Energy Equity, an ALLETE company, is a national end-to-end solar development and finance company, having successfully completed more than 250 projects totaling more than 475 megawatts across the United States. Our focus is on developing, financing, operating and managing solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. We have ranked on Solar Power World’s “Top Solar Contractors” list every year since its inception and were voted one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine. 

Media Contacts

Meghan Gainer
VP Marketing & Communications, DSD Renewables
Email Meghan
P. 518-369-3692

Christian Rizzo
Gregory FCA for DSD Renewables
Email Christian
P. 610-228-2134

Keri Fisher
Senior Director of Marketing, New Energy Equity
Email Keri
P. 443-266-2079

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