Distributed Solar Development Closes $300M Debt Facility

Distributed Solar Development

Distributed Solar DevelopmentĀ (DSD), Schenectady, N.Y.-based clean energy company, closed a $300M debt facility financed by Credit Suisse.

The debt facility will be used to finance a broad range of commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.

Led by Erik Schiemann, CEO, Distributed Solar Development creates and implements custom solar and storage solutions, from design to engineering to the solution build-out and financing plus needed supporting management.

At the beginning of 2020, the company has acquired a two-project, 10 MW community solar portfolio in Lenox, New York.