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Dimension Energy secures $857 million for U.S. solar expansion
Dimension Energy, a community solar developer owned by Partners Group, has secured $857 million in additional capital to expand its distributed solar portfolio in the United States. The financing includes a $200 million increase to the company’s corporate credit facility, led by Nuveen Energy Infrastructure Credit and HPS Investment Partners, and a $657 million construction-to-term debt and tax equity package.
The $657 million portion is designated to support 29 distributed solar projects totaling 149 MW across Illinois, New Jersey, New York, Pennsylvania, and Virginia. Advantage Capital is serving as the tax equity investor, with MUFG Bank, First Citizens Bank, ING Capital, and National Bank of Canada acting as coordinating lead arrangers for the debt financing.
Dimension Energy currently manages over 600 MW of operating or under-construction distributed energy assets. The company intends to use this new capital to reach a target of 1 GW of operating capacity by 2028.
Entities
Advantage Capital · Dimension Energy · HPS Investment Partners · Nuveen Energy Infrastructure Credit · Partners Group
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Nuveen Energy Infrastructure Credit and HPS Investment Partners are the lead lenders for the $200 million corporate credit facility increase. www.mercomindia.com · mercomcapital.com · pulse2.com
- [○ 1 SOURCE] The $657 million financing will support 29 distributed solar projects totaling 149 MW across Illinois, New Jersey, New York, Pennsylvania, and Virginia. pulse2.com
- [● 3 SOURCES] The $857 million financing includes a $200 million increase to the corporate credit facility and a $657 million construction-to-term debt and tax equity package. www.mercomindia.com · mercomcapital.com · pulse2.com
- [○ 1 SOURCE] Dimension Energy currently owns more than 600 MW of distributed energy assets that are operating or under construction. pulse2.com
- [● 3 SOURCES] Dimension Energy secured $857 million in additional capital to expand its distributed solar portfolio. www.mercomindia.com · mercomcapital.com · pulse2.com
- [○ 1 SOURCE] The company aims to reach 1 GW of operating capacity by 2028. pulse2.com