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DSD and The Home Depot to Install 13 MW Solar Portfolio in California
SCHENECTADY, N.Y. – January 19, 2023 – DSD Renewables (DSD) will work with The Home Depot (NYSE: HD) to install 13 megawatts (MW) of rooftop solar across 25 store locations in California.
The project represents a continued commitment to leverage roof space for solar generation in The Home Depot’s renewable energy program. The installations contribute to the company’s goal to produce or procure 100 percent renewable energy by 2030 equivalent to the electricity needs for all its facilities.
The portfolio will begin construction in early 2023, and upon completion is expected to generate more than 17 million kilowatt-hours (kWh) of clean energy annually that directly power The Home Depot’s store locations within the portfolio, the equivalent of removing 2,648 gasoline-powered cars from the road each year.
Our teams have worked hand-in-hand to design solar solutions to optimally power the portfolio of 25 stores in California and effectively reduce demand on the grid,” said Jason Chiang, Senior Director of Direct Origination at DSD. “We are excited to deploy our industry-leading capabilities across this significant new portfolio and play a role in helping The Home Depot achieve its sustainability goals.”
The new portfolio is expected to generate more than 17 million kilowatt-hours (kWh) of clean energy annually, which directly power The Home Depot’s store locations.
“Reducing The Home Depot’s environmental impact is essential to our efforts to build a better business, workplace and world,” said Ron Jarvis, Vice President and Chief Sustainability Officer for The Home Depot. “Harnessing power from the sun is essential to our renewable electricity aims, and we’re happy to work with DSD as we expand our solar program and continue to invest in alternative energy solutions.”
DSD is continuing to work on projects with The Home Depot to broaden its solar energy usage in New Jersey, Connecticut, Maryland and Massachusetts, with additional projects planned in Arizona, California, Illinois and New York.
“This project marks 98 stores that will have deployed solar rooftops with DSD,” said Dan O’Brien, Vice President of Direct Origination at DSD. “The Home Depot shares our commitment to reduce its carbon footprint and we applaud the expansion of its renewable energy program.”
Learn more about what solar services and climate-driven solutions DSD can bring to your business.
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.
VP Marketing & Communications, DSD Renewables
Gregory FCA for DSD Renewables
Corporate Communications, The Home Depot
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