112 MWdc portfolio of 28 community solar projects across NJ, IL, DE, VA, ME, PA
Dimension Energy's largest construction and term financing. First Citizens Bank as lead debt syndicator alongside ING, MUFG, NatBank Canada, Siemens, Cadence, Comerica. Advantage Capital: $170M tax equity. CRC-IB as exclusive financial advisor. Third major financing that year. 500+ jobs created. Dimension has executed 700+ MW since 2018 founding.
$360M
Deal Value
112MW
Capacity
Solar
Technology
DE, IL, ME, NJ, PA, VA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Dimension Energy
- Buyer / Financier
- First Citizens Bank, ING, MUFG, National Bank of Canada, Siemens, Cadence, Comerica, Advantage Capital
- Deal Value
- $360M
- Stage
- Under Construction
- ISO/RTO
- ISO-NE, MISO, PJM
- Source
- Dimension Energy
Capital Structure
$360M
Total transaction value
Tranches
- Construction and term debt · First Citizens Bank (lead debt syndicator); ING, MUFG, National Bank of Canada, Siemens, Cadence, Comerica
- —
- Tax equity · Advantage Capital
- $170M
Service Providers
Advisory & Legal
- Financial Advisor
- CRC-IB
Finance Counterparties
Lenders & Capital Providers
- leadDebtSyndicator
- First Citizens Bank
- taxEquityProvider
- Advantage Capital
- taxEquityAmount
- $170M
Related Deals
Dimension Energy 25-project community solar portfolio — 132 MW across Illinois, New Jersey, New York, Pennsylvania
Dimension Energy → First Citizens Bank, MUFG, ING Capital, National Bank of Canada, Franklin Park (tax equity)
$650M
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Wind Catcher — 2,000 MW OK Panhandle (800 GE 2.5 MW turbines) + 350-mile 765kV line ($4.5B; cancelled July 2018)
AEP / Public Service of OK + SWEPCO + Invenergy → PSO + SWEPCO ratepayers
$4.5B (announced; cancelled)
ContourGlobal — 4.4 GW global power generation portfolio (gas/coal/wind/hydro/solar)
ContourGlobal plc
£281M (~$370M USD net)
Persimmon Wind — 200 MW (Cimarron Bend Stage 1 of 365 MW), Oklahoma
Quinbrook Infrastructure Partners → GE Energy Financial Services (tax equity + lead debt)
$268M
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.