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DSD Partners With PanelClaw to Mitigate Solar Supply Chain Disruptions
The partnership supports U.S.-based manufacturing and takes a new approach to procurement for commercial solar development
SCHENECTADY, N.Y. — January 26, 2023 — DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has signed a one-year agreement with PanelClaw, a leading U.S. manufacturer of solar panel mounting systems, to supply panel racking for a 150 MW portfolio DSD will begin deploying this year.
The unpredictable supply chain disruptions that continue to impact the solar industry demand deeper partnerships that ensure long-term access to necessary building materials to develop projects and meet growing customer needs. DSD’s partnership with PanelClaw ensures a secure supply of domestically sourced racking systems to efficiently deploy solar projects over the next year and maintain market competitiveness as demand rises for solar projects, while supporting domestic manufacturing and labor.
“Volatility will continue in the supply chain short-term,” said Robb Jetty, Chief Operations Officer at DSD. “Fortunately, DSD’s partnership with PanelClaw will mitigate delays, standardize our engineering processes, provide predictability on some hard costs and ensure we have access to the materials necessary to deploy our portfolio of projects.”
Given the market fluctuations seen in the past 12-24 months, DSD reviewed design processes to identify what could be standardized and remain efficient. After evaluating many suppliers, DSD ultimately came to an agreement with PanelClaw that ensures a long term supply of materials to support an entire 150 MW portfolio comprised of about 160 projects in California and Illinois — a unique approach as most commercial solar projects are typically conducted on a singular, transactional basis. With a fixed supplier of racking systems, DSD can reduce design times and speed up permitting processes for projects, while eliminating the need to find new suppliers for each deployment.
Unpredictable supply chain disruptions demand deeper partnerships that ensure long-term access to necessary building materials, to develop solar projects and meet growing customer needs.
“PanelClaw has readily understood our goals and has helped us take a new procurement approach that allows for efficiencies that we couldn’t create through one-off projects,” said Carl Newton, DSD’s VP of Strategic Procurement & Estimating. “They’ve been a proven supplier for us in the past, and we look forward to this new, exciting chapter with them.”
The portfolio the agreement will support, which includes solar installations with The Home Depot, allowed PanelClaw to work with its domestic suppliers to lock in competitive pricing and strategically look beyond a single project at a time. The agreement further reinforces the domestically focused initiatives of the recently passed Inflation Reduction Act, offering opportunity for additional tax benefits.
“Working with DSD on an entire portfolio allows us to pilot a new approach to the commercial solar developer and supplier relationship,” said Costa Nicolaou, CEO at PanelClaw. “With a defined portfolio, we were able to ensure the availability of domestic raw materials, manufacturing, and labor necessary to support these solar projects, which is critical in today’s unpredictable supply chain. Our partnership with DSD will not only help build a more sustainable future, but also to support a more streamlined domestic solar supply chain.”
Work on the portfolio will begin in early 2023. DSD is exploring a second long term supplier agreement with PanelClaw next year to support its 2024 build plan. Learn more about how DSD’s partnerships accelerate the deployment of renewable energy projects.
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.
Headquartered in North Andover, MA, PanelClaw was founded November 6th, 2007 with the goal of accelerating the adoption of flat roof solar by developing rooftop mounting systems that are less costly and less labor-intensive while at the same time maintain industry best reliability performance. Since its founding, PanelClaw has become the largest flat roof racking provider in North America with more than 2 GW of projects ranging from 5 kW to 20 MW deployed with its products on flat roofs across 35 countries, 47 US states and the Caribbean. In 2020, PanelClaw was acquired by the ESDEC Solar Group and remains in growth mode with its focused flat roof strategy.
Esdec Solar Group
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