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DSD Acquires Six-Project, 7.5 MW Rooftop Solar Portfolio from Dynamic Energy
SCHENECTADY, N.Y. – (March 8, 2022) – DSD Renewables today announced the acquisition of three rooftop solar projects in New Jersey and Connecticut from Dynamic Energy, and the intention to acquire another three projects in Massachusetts and Virginia later this year. The six projects, all of which are rooftop installations, total approximately 7.5 MWs.
“After evaluating more than 15 portfolio bids, DSD emerged as the best fit.”
“Our partnership with Dynamic Energy enables access to clean, renewable solar energy in underserved communities, and extends our footprint in key areas,” says Kevin Hu, Senior Manager of Asset Acquisitions at DSD. “Dynamic Energy’s extensive experience as both a developer and EPC contractor makes them an ideal partner, and we anticipate working on more projects together in the future to amplify our impact.”
Two of the projects are located in New Jersey – a 553 kW system in North Brunswick Township and a 1.99 MW system in Somerset – and are expected to produce a total of 3,255 MWhs of clean, renewable energy each year, avoiding 2,307 metric tons of carbon equivalent. Both sites are behind the meter installations with prominent commercial PPA offtake, and take part in New Jersey’s Transition Renewable Energy Certificates (TRECs) program.
The third project, a 2.11 MW installation in Milford, Connecticut, will participate in the state’s Shared Clean Energy Facilities (SCEF) program. SCEF, similar to a community solar program, is aimed at providing savings to specific categories of customers, particularly those of low-to-moderate income, low-income services organizations, and those residing in environmental justice communities.
“After evaluating more than 15 portfolio bids, DSD emerged as the best fit for this transaction,” says Sebastian Jano, Senior Vice President of Business Development and Project Finance at Dynamic Energy. “In addition to their competitive valuation, DSD’s national market presence and thoroughness sealed the vetting process. Dynamic looks forward to expanding its partnership with DSD well beyond this initial set of projects.”
Dynamic Energy is handling engineering, construction and procurement for the projects, while DSD will be the long-term owner and operator of the assets. The portfolio is expected to come online in 2022.
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.
About Dynamic Energy
Founded in 2007, Dynamic Energy is an independent, full-service renewable energy provider that brings together the diverse expertise needed to develop, design, finance, build and maintain solar, EV and storage projects for commercial, industrial, and institutional customers. Dynamic consistently develops high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment, and achieve sustainability goals. Since inception, the firm has successfully developed more than 500 MWs of projects, spanning 11 states in the eastern, midwestern and southern United States. Its EPC arm has constructed 230 discrete distributed generation solar installations, totaling more than 150 MWs. For more information, please visit www.dynamicenergy.com.
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