Dimension Renewable Energy Closes $237 Million Financing for Construction of 120 MWdc Distributed Generation Portfolio

Stoel Rives congratulates its client Dimension Renewable Energy on closing a $237 million financing that will be used for the construction of a 120 MWdc distributed generation portfolio.

The portfolio’s 28 solar projects will meet the energy needs of more than 12,000 commercial and residential customers, including low- and moderate-income households, with projects located in New York, New Jersey, Virginia, and California.

Dimension is a leading developer and operator of community solar solutions. Dimension’s fleet of solar projects delivers clean energy, local jobs, tax revenue, and savings together with other community benefits including workforce development and educational opportunities. As a turnkey provider of solutions from site acquisition and development to construction and operation, Dimension is a steady and reliable presence in the communities in which it invests.

The Stoel Rives deal team was led by Alex Mertens and Miles Killingsworth and included Meagan Smith and Travis Stadler.

For more on the deal, see the Dimension press release.