DSD Secures $85M in Tax Equity Financing from Bank of America to Support Expanding Pipeline of Distributed Generation Solar Through 2021
05/20/2021 | 09:05am EDT
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Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority Value of Distributed Energy Resources (VDER) assets.
This is the third major financing deal DSD has closed this year. DSD previously announced a two-year, $300 million debt facility financed by Credit Suisse in January and a two-year, $150 million construction revolver with Rabobank in March, both of which will support DSD’s expanding pipeline of distributed generation solar projects in the C&I market.
Voltus, Inc.: Voltus Raises $31 Million to Unleash the Full Potential of Distributed Energy Resources
SAN FRANCISCO, CA / ACCESSWIRE / May 13, 2021 / Voltus, Inc. today announces the closing of a $31 million Series C financing. The round was led by Activate Capital and included existing investors NGP Energy Technology Partners III, Prelude Ventures, and Ajax Strategies, bringing Voltus s total equity financing to date to over $65 million.
Raj Atluru, Co-founder and Managing Director at Activate Capital joins Voltus s Board of Directors alongside fellow investors Philip Deutch, Veery Maxwell, and Tim Woodward. The serviceable addressable market for DERs is extraordinary, amounting to hundreds of thousands of megawatts of potential opportunity, says Atluru. Voltus has built a predictable, proven, and systematic growth model anchored by a superior technology platform and an extraordinary team of experts in energy markets. We re thrilled to partner with Voltus as they help moderniz
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Energy Systems Integration Newsletter: April 2021
In this edition, NREL and Marine Corps Air Station Miramar s decade of innovation; 11 remote and island communities partner with national labs on energy resilience; Q&A with Jacqueline Cochran, the principal investigator behind Los Angeles 100% Renewable Energy Study; and more!
NREL, Marine Corps Air Station Miramar: Allies in Energy Efficiency, Systems Integration, and Resilience
For more than a decade, NREL and the Marine Corps Air Station Miramar have partnered to enhance resilience, energy efficiency, and integration of renewable energy. The latest venture in this partnership focused on the development and construction of a new data center intended to be a paragon of energy efficiency and design. In the
President and Chief Executive Officer
Good morning, and welcome to SJI s 2021 Investor Day. I m Mike Renna, President and CEO of SJI, and we re pleased to have you join us today. The SJI management team, many of whom you ve just seen in our introductory video, will be joining me today to share our plans to deliver strong long-term growth and value for our shareholders. While COVID has certainly presented an unprecedented series of challenges, one thing the past 14 months has taught us, to be a bit more patient and not to take every cameo every child cameo and dog bark quite so seriously. So here s to turning the corner into a future we can all be together again in person healthy and safe. As we begin, please be aware that certain statements in today s webcast contain estimates and other forward-looking statements within the meaning of the securities laws. And we wish to caution persons watching this webcast that its current expectations, assumptions and beliefs forming the basis o