Distributed Solar Development (DSD) secured a two-year, $150 million construction revolver with Rabobank, a global food and agribusiness bank and leader in sustainability-oriented banking, to finance its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market.
[button link=”http://bit.ly/37Y4HEa”]SMA’s ShadeFix optimization produces more energy than traditional optimizers. ShadeFix also provides greater reliability and less service risk than alternatives. Watch the video to see for yourself! [/button]
The flexible structure of the Rabobank construction revolver aligns strongly with the $300M debt facility that DSD closed with Credit Suisse in late January.
“This construction revolver provides a flexible back leverage solution that will enable us to continue scaling as we work to become an industry hub for the C&I market,” says Greg Fabso, CFO at DSD. “Our expertise and experience enable a true one-stop solution for origination, development, financing, and management.”
The revolver incorporates multiple tax equity partnerships and will deliver capital throughout DSD’s business cycle, including an equipment supply sub-limit.
“Rabobank was delighted to arrange and structure this facility for the DSD team,” says Claus Hertel, Managing Director, Project Finance at Rabobank. “Distributed generation in the C&I space is becoming increasingly relevant and we are thrilled to support a leading developer with strong U.S. growth ambitions.”
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.