Dimension Secures $237M for 120-MW Solar Portfolio

• Dimension Renewable has secured financing of USD 237 million to construct 28 distributed generation solar projects across the US. The projects, with a total capacity of 120-MW DC, will provide power to over 12,000 households, with more than half being low-to-moderate income households, by 2021.

Dimension Renewable has secured USD 237 million of debt financing from Silicon Valley Bank and tax equity from NT Solar and Advantage Capital to finance construction of its portfolio of 28 distributed generation (DG) solar projects. The projects, located across New York, New Jersey, Virginia, and California, have a combined capacity of 120-MW DC and will provide power to over 12,000 residential and commercial customers, of which more than half are low-and-moderate income households. The construction of the portfolio is expected to be completed by the end of 2021.

What Financing Will Enable Construction of Dimension Renewable's 120-MW DG Solar Projects?

• The USD 237 million debt financing was provided by Silicon Valley Bank.
• Tax Equity was provided by NT Solar and Advantage Capital.
• The DG solar projects have a combined capacity of 120-MW DC.
• The projects will provide power to over 12,000 residential and commercial customers.
• More than half of the customers are low-and-moderate income households.
• Construction of the portfolio is expected to be completed by the end of 2021.