about

In short, we transform perceived limitations into possibilities. So if you think renewable energy is out of reach for your organization, think again.

History of DSD

2012

“GE Solar” is launched at GE

As the company that literally brought generated electricity into American homes, GE has a long been at the forefront of energy innovation. After developing a strong foothold in the wind turbine space toward the end of the “aughts,” GE wanted to start the next decade by expanding into solar — leveraging its legacy of ingenuity to fuel that effort. From that idea, GE Solar was born.

2017

GE Solar establishes its proprietary canopy solution

GE Solar built an in-house team of solar canopy experts who could design and install solutions at a level unmatched by their competitors. By having and controlling those resource in-house, GE Solar was able to shrink inefficiencies, lower costs and mitigate risk. The curved canopies installed at Spaulding Hospital and Seabury Senior Living, in particular, are great examples of these early innovations.

2018

GE solar starts partnering with big brands

With a growing reputation for excellence, GE Solar started to attract serious attention from some of the biggest companies in the U.S. And by offering new flexible financing options (such as PPAs), this six-year-old “startup” started to close deals on major, multi-location projects for brands like The Home Depot, IKEA, Verizon, MGM Springfield, Bishop Ranch and more.

2019

GE Solar rebrands as DSD

The company’s next big goal was to have the ability to own the solar assets it developed, so it could provide customers with friendly financing arrangements. GE Solar sought a financial partner that could help provide the capital to support this mission. A partnership was formed with BlackRock Real Assets, in which BlackRock became the majority investor. With a new ambition and a new ownership group to pursue it, the company needed a new identity. From that, DSD Renewables was born.

2019

DSD raises initial $250M in project funding

To further support clients with flexible funding — including zero-upfront options — DSD created a $250M project development fund, financed by its partners at Morgan Stanley, Silicon Valley Bank and Fifth Third Bank. This enabled DSD to fund a portfolio of new distributed generation projects through 2020 and expand its coast-to-coast solar project footprint. Additional capital raises would eventually expand to $785M in funding.

2020

BlackRock Real Assets acquires remaining share of DSD

In his January 2020 letter to CEOs, BlackRock’s Larry Fink wrote, “Our investment conviction is that sustainability- and climate-integrated portfolios can provide better risk-adjusted returns to investors.” BlackRock supported that conviction by acquiring the remaining interest in DSD later that year. The investment was made through BlackRock’s $1.65B Global Renewable Power II Fund (“GRP II”).

2021

DSD shows big stats in its first decade

Fueled by ample capital and the most innovative staff in the renewables industry, DSD closed 2021 — and almost its first full decade in business — with combined assets that generated more than 240GWh of clean electricity. Not too shabby. 😊

2022

DSD triples its solar capacity and staff

As the company celebrated its 10-year anniversary — its third as “DSD Renewables” — it had achieved triple the number of C&I megawatts developed and deployed from three years before. And to date, DSD has raised over $1 billion in funding to support its growth and customers’ energy needs, expanding its solar footprint to 22 states.

Who we Serve

Leadership