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DSD Renewables Receives $250M Backing from Cox Enterprises

DSD Renewables Receives $250M Backing from Cox Enterprises

DSD Renewables, a solar developer backed by Blackrock, has obtained a $250 million investment from Cox Enterprises, Inc. to support its growing renewable energy project portfolio.

The investment is Atlanta, GA-based Cox’s largest in the renewable energy sector to date as it expands its holdings in clean energy technology.

DSD, based in Schenectady, NY, has raised approximately $2 billion in project funding since 2019. It has built over 600MW of solar and energy storage projects across the United States.

BlackRock’s Climate Infrastructure fund will remain the majority owner of DSD Renewables. In 2019, the fund invested $250 million in DSD.

“Our growth, initially fueled by BlackRock’s faith in us, now enters a new chapter with Cox that will advance our position as a cleantech leader and scale our business,” said Erik Schiemann, CEO at DSD.

DSD primarily serves commercial and industrial clients, as well as local governments.

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DSD RenewablesCox Enterprises, Inc.

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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