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Dimension Energy secures $650 million for 132 MW US community solar

Solarbytes · last updated

US based Dimension Energy has secured $650 million in construction and term financing for a 132 MW community solar portfolio in the United States. The financing supports 25 projects across Pennsylvania, New York, New Jersey, and Illinois. First Citizens Bank, MUFG, ING Capital, and National Bank of Canada provided $415 million in debt financing. Franklin Park contributed $235 million in tax equity as a new partner. The projects are expected to deliver locally generated electricity and subscriber savings. Dimension Energy said projects can be developed and brought online within 18 months. Advisors included CG CRC-IB, Stoel Rives LLP, Foley & Lardner LLP, McDermott Will & Schulte, and Enertis Applus

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