Ares Management inverteix 200 milions en Solar Developer DSD

A fund managed by Ares Management's infrastructure and power strategy has made a 200 million (€178.2 million) preferred equity investment in US solar developer DSD Renewables.

Amb el suport de BlackRock Real Assets, DSD es va separar de General Electric a mitjans del 2019 com a desenvolupador independent, financer, actiu en el mercat comercial i industrial (CI) Propietari i operador operat. Des d'aleshores, la companyia també s'ha expandit cap a adquisicions solars i d'actius comunitaris, i ha llançat la seva xarxa de desenvolupadors i la seva plataforma DSD Connect.

DSD intends to use the new funding to support its expanding project pipeline, expand its development network, support corporate needs, and fund asset acquisitions, the company said. The company's backlog of contracts and award-winning projects has surged by 150 percent in 2021, and its current pipeline exceeds 1 kilowatt of solar and energy storage.

Greg Fabso, chief financial officer of DSD, said: "The investment in Ares, coupled with the continued support of BlackRock Real Assets, will allow us to strategically build more of renewable energy projects, working with new partners and expanding our asset base to further scale." (1.0 = €0.891)