DSD Renewables raises US$238 million to expand US energy portfolio

August 1, 2025
Facebook
Twitter
LinkedIn
Reddit
Email
The fund will support the development of 188 distributed generation solar projects across 12 states and the District of Columbia, with a combined generation capacity of 233MW. Image: DSD Renewables.

US commercial and industrial (C&I) PV developer DSD Renewables (DSD) has raised US$238 million to bolster its portfolio of solar projects across the country. 

According to the firm, the fund will support the development of 188 distributed generation solar projects across 12 states and the District of Columbia, with a combined generation capacity of 233MW. Three of these projects will also include battery energy storage systems (BESS).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Nomura and Mitsubishi UFJ Financial Group (MUFG) served as co-lead arrangers on the transaction alongside First Citizens Bank. 

In November 2020, real estate and infrastructure investments company BlackRock Real Assets acquired the remaining 20% stake in DSD from GE Renewable Energy, gaining full ownership of the company. The transaction was made through BlackRock’s Global Renewable Power II Fund, following its initial 80% acquisition in July 2019. 

As of 2024, DSD has deployed 206MW of community solar across eight markets. Now in its fifth year of operation, the firm has 1.1GW of solar and storage in operation and over US$2 billion in capital raised. 

In March 2022, the company secured a US$200 million preferred equity investment from the Ares Management Corporation to accelerate its growth. The funds will be used to expand its pipeline of C&I solar PV projects and further develop its Developer Network platform, launched in 2021. 

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth 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 2027 and beyond.

Read Next

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
Premium
October 28, 2025
BESS are 'the new player that everyone is talking about,' in Europe’s power purchase agreement (PPA) space, according to LevelTen.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Chinese engineering firm Shanghai Electric has signed an engineering, procurement, and construction (EPC) contract with independent power producer (IPP) Econergy to build a 342MW solar PV plant in Romania.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany