CohnReznick Capital Advises Dimension in Raising Tax Equity and Debt Financing for 120MWDC Distributed Generation Portfolio
Leading community solar developer and operator Dimension Renewable Energy (Dimension) has closed on $237 million in construction debt and tax equity financing for a 120MWDC distributed generation solar portfolio. Located across NY, NJ, VA, and CA, the 28-project community solar portfolio received debt financing from Silicon Valley Bank, a division of First Citizens Bank, and tax equity commitments from NT Solar and Advantage Capital.
CohnReznick Capital acted as exclusive financial advisor to Dimension on the transaction.
“As service providers for the sustainability sector, we’re pleased to support Dimension on this transaction and its continued build-out of community solar, which facilitates access to clean energy and energy equity in low-and-moderate-income communities across the U.S.,” said Conor McKenna, CohnReznick Capital Partner & Senior Managing Director.
For further details on this transaction, please contact Conor McKenna.
For the full press release, please click here.
About Dimension Renewable Energy
Dimension is a leading developer and operator of community solar solutions. For the communities in which we invest, our fleet of solar projects delivers clean energy, local jobs, tax revenue, and savings, alongside other benefits including workforce development and educational opportunities. We are a turnkey provider of these solutions: from site acquisition and development to construction and operation, we are a steady and reliable presence in our communities.
About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA ), is a top 20 U.S. financial institution with more than $200 billion in assets. First-Citizens Bank &Trust Company, Member FDIC. Learn more at svb.com.