in the news
DSD and NLCS Complete 1.85 MW Solar Project at The Village at Orchard Ridge
SCHENECTADY, N.Y. — March 28, 2023 — DSD Renewables (DSD) and National Lutheran Communities & Services (NLCS) have completed the installation of a 1.85 megawatt (MW) ground mount solar project at The Village at Orchard Ridge — A National Lutheran Community in the Shenandoah Valley, Virginia, expanding DSD’s footprint to 23 states.
This recently completed project represents a significant step forward in NLCS’ commitment to environmental sustainability and achieving 100% clean, renewable energy usage across its communities. The installation will meet 85% of The Village at Orchard Ridge’s energy needs by producing an estimated 2,396 MWh of energy per year, the equivalent of powering 330 homes annually.
“In the face of growing climate change concerns, it’s increasingly important that organizations like NLCS take the lead in demonstrating environmental stewardship, and we’re proud to have been a part of it,” said David Eisenbud, Senior Director, Origination of DSD. “In this new market for DSD, our team brought ingenuity and rigor to every step in the process, and now we look forward to seeing the positive impact it will have on residents at The Village at Orchard Ridge and the surrounding community.”
Construction for this project began in July 2022. Not only was this project in a new market for DSD, but solar was also a newer generation asset class for the local utility. The project was met with challenges, but DSD worked closely with NLCS and the local utility to provide innovative solutions throughout the process: overcoming interconnection limitations; designing a solution that complimented the aesthetics of the Life Plan Community; as well as ensuring that the construction and development process had minimal disruption to the community’s 300-plus residents.
“We’re happy to serve as a model to other Life Plan Communities of what’s possible when it comes to what many non-profits may consider beyond their reach or expertise.”
CFO & EVP of Business Planning and Development
National Lutheran Communities & Services
“We believe that ‘Leadership by Doing’ is the best way to make a meaningful impact on our community,” said Richard Mazza, Chief Financial Officer and Executive Vice President of Business Planning and Development at National Lutheran Communities & Services. “This project is a testament to that mindset. Not only does it reduce greenhouse gas emissions and lower energy costs, but it also gives our residents an opportunity to be proactive in environmental initiatives. We’re happy to serve as a model to other Life Plan Communities of what’s possible when it comes to what many non-profits may consider beyond their reach or expertise. The team at DSD brought the expertise and creative partnership we needed to bring our sustainability vision to fruition.”
Learn more about how DSD’s partnerships are improving the quality of life in communities around the country.
About DSD Renewables
DSD Renewables (DSD) is transforming the way organizations harness clean energy while building a more sustainable future. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD accelerates the deployment of renewable energy resources and creates significant value for our commercial, industrial, and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE, our team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own, and maintain. To learn more, visit DSDRenewables.com and connect with us on LinkedIn, Twitter, and Facebook.
About National Lutheran Communities & Services
National Lutheran Communities & Services (NLCS) is a faith-based, not-for-profit ministry of the Evangelical Lutheran Church in America’s (ELCA) Delaware-Maryland, Metropolitan Washington, D.C. and Virginia synods, serving people of all beliefs. NLCS partners with older adults and their families to provide solutions for successful aging through retirement communities and in-home service options and awards grants to other organizations supporting underserved older adults through Impact1890. Through this suite of activity, we are carrying on a legacy to reimagine aging as we serve the next generation of older adults. For more information about National Lutheran Communities & Services and its affiliated entities in Maryland and Virginia, visit http://www.nationallutheran.org.
VP Marketing & Communications, DSD Renewables
Gregory FCA for DSD Renewables
The Promise & Implications of California’s Evolving Solar Policy
The Promise & Implications of California’s Evolving Solar Policy California continues to be at the forefront of renewable energy adoption, but is struggling with reliability, rate issues, and interconnection roadblocks, while still trying to meet decarbonization...
DSD Secures $75M in Tax Equity Financing from Bank of America [Press Release]
DSD Renewables has closed on $75 million in tax equity financing from Bank of America to support the company’s 2023 build plan – its pipeline of distributed generation solar projects to be built through 2023.
AT&T Signs Agreement with DSD Renewables for 15.5 MW of Community Solar Power in New York [Press Release]
AT&T has signed an agreement with DSD Renewables to serve as an anchor tenant subscriber for a five-project community solar portfolio in Upstate New York, offtaking 15.5 megawatts (MW) of the larger 24.1 MW portfolio.
Take the first step.
Not sure how to get started? Our renewables experts are here to help. Reach out to us today.