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DSD lands US$150m construction finance for C&I solar pipeline The funding has been secured from Rabobank. Image: DSD US solar and energy storage company Distributed Solar Development (DSD) has secured construction finance worth US$150 million from Rabobank to support its commercial and industrial (C&I) development pipeline for the next two years. The food and agribusiness bank has provided DSD with a two-year, US$150 million construction revolving credit facility, weeks after the distributed solar developer secured a US$300 million debt facility from Credit Suisse. DSD said in a statement tha...

Distributed Solar Development­­ (DSD) has completed a custom solar carport designed and built for IKEA Baltimore. Initial results exceeded expectations with the location seeing an 84% decrease in the amount of energy needed to be purchased between September – December 2020, equating to a 57% cost savings for the store. This is the first of eight projects that DSD will develop for IKEA U.S. stores in Maryland and California, which are on track to be completed in 2021. The projects will help the IKEA reach its goal of being powered by 100% renewable energy while increasing energy efficiency...

(Credit: Distributed Solar Development, LLC) IKEA US today announced the completion of its first solar car park at IKEA Baltimore and has plans to build an additional seven projects at IKEA stores in Maryland and California. Initial results have exceeded expectations as the Baltimore location has seen an 84% decrease in the amount of energy needed to be purchased between September and December 2020, equating to a 57% energy cost savings for the store. IKEA currently has 54 rooftop solar arrays atop 90% of its US locations and Ingka Group, a strategic partner in the IKEA franchise system, has ...

Virginia localities have a new tool to help maximize the economic potential of solar development in their communities.

Courtesy of NREL The financing is aligned with DSD’s 2021-2022 projects under development and flexible enough to support its anticipated scale of growth. “Our team’s ability to map out projects is among the best in the industry” said Erik Schiemann, CEO at DSD. “The fact that our pipeline is developed to the point where we can sustain two-year availability with a leading global financial institution is a clear indication of how renewable energy is driving business as well as environmental responsibility.” The Credit Suisse debt facility will be used to finance a broad range of c...