US commercial and industrial (C&I) PV developer DSD Renewables (DSD) has secured a US$200 million preferred equity investment from Ares Management Corporation to increase its growth.

The company said the funds will be used to expand its pipeline of solar PV projects in the C&I market, as well as grow its Developer Network platform it launched in 2021.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Regular insight and analysis of the industry’s biggest developments
In-depth interviews with the industry’s leading figures
Unlimited digital access to the PV Tech Power journal catalogue
Unlimited digital access to the Photovoltaics International journal catalogue
Access to more than 1,000 technical papers
Discounts on Solar Media’s portfolio of events, in-person and virtual

View all benefits & pricing

Or continue reading this article for free

Greg Fabso, CFO of DSD, said: “This investment from Ares, along with continued support from BlackRock Real Assets, will enable us to scale further as we strategically build out more renewable energy projects across the country, take on new partners, and grow our asset base.”

DSD, which launched as a start-up within General Electric in 2012 and was acquired by BlackRock in November 2020, has more than 1GW of solar and energy storage projects in the pipeline.

In the past year, the company raised more than US$500 million in tax equity, credit and debt financing from Bank of America, Rabobank and Credit Suisse to fund its C&I development portfolio growth.

In May 2021, DSD acquired from Alternative Energy Development Group a 2MW PV plant in California that will supply energy to an oilfield.

UPCOMING EVENT

PV ModuleTech USA 2025

17 June 2025

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

UPCOMING EVENT

PV CellTech USA 2025

7 October 2025

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.