CohnReznick Capital Advises GE on Sale of Majority Stake in its DG / C&I Solar Business to BlackRock Real Assets
GE Solar, the solar development business incubated within GE, announced in July a partnership with BlackRock to create Distributed Solar Development (“DSD”). The new company will continue to develop, own and operate solar and storage solutions for the commercial, industrial and public sectors.
A fund managed by BlackRock Real Assets will invest in DSD to build a leading platform in the growing distributed solar market and deploy long-term project equity into DSD’s pipeline to aggregate a large-scale portfolio of operating C&I solar assets.
CohnReznick Capital acted as exclusive financial advisor to GE on the transaction, providing structuring, due diligence, and negotiation support.
“CohnReznick Capital is pleased to play a supporting role in partnering GE and BlackRock in the DSD platform, enabling continued growth for an impressive company and greater penetration of renewables in key markets in the US,” said Conor McKenna, Senior Managing Director.
For additional details on this transaction, please contact:
Senior Managing Director
For the full press release, please click here.
At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 130 project and corporate transactions for renewable energy assets, valued at over $19 billion in aggregate. We are wholly committed to the clean energy transition, and deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts help our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising, and special situations. To learn more, please visit https://crc-ib.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.