DESRI secures up to USD 400m from Harbert Infrastructure

• United States solar and wind assets programmer and proprietor DE Shaw Renewable Investments LLC (DESRI) will certainly receive up to USD 400 million (EUR 380.3 m) of resources from funds handled by Harbert Infrastructure to make use of "at DESRI's discernment".

The beneficiary of the funding revealed the news today, saying it has actually developed a critical funding relationship with Harbert Infrastructure-managed funds, including Gulf Pacific Power LLC (GPP) as well as Harbert Infrastructure Fund VI (HIF VI).

"This funding will certainly sustain DESRI's growth in vital electricity markets across the US as well as promote new financial investment to serve our customers as well as host communities," commented David Zwillinger of DESRI.

Presently, DESRI has a 6-GW-plus portfolio of renewable energy projects, either operating, under construction or with contracts in place.

Previously this month it was announced that the firm becomes part of the so-called US Solar Buyer Consortium alongside The AES Corporation (NYSE: AES) as well as 3 even more independent power producers (IPP). With each other, they have committed to buy as much as 7 GW of solar modules for neighborhood projects to support the fast scaling of the domestic supply chain.