DSD Renewables has acquired a seven-project, 11.3 MW group photo voltaic portfolio spanning six cities in Minnesota. The acquisition marks DSD’s first enterprise in Minnesota, increasing its footprint of property to 22 states throughout the nation.
Six of the websites may have 100% residential offtake and are anticipated to serve greater than 600 residents, whereas the seventh venture may have 100% industrial offtake. All seven tasks are anticipated to generate 17,073 MWh of fresh vitality every year.
“We’re thrilled to be coming into a brand new market with such a robust portfolio of group photo voltaic tasks that can convey reasonably priced renewable vitality to a big swath of Minnesotans,” says Andrew Thurston, director of asset acquisitions at DSD.
DSD will function the long-term proprietor and operator of the websites, that are anticipated to be operational by the second quarter of 2023. Frequent Vitality will likely be dealing with buyer acquisition and subscriptions for the portfolio.
“Minnesota’s group photo voltaic program is widely known as a frontrunner when it comes to put in capability, and DSD appears ahead to extra alternatives to streamline and broaden that affect,” provides Joe Rosenberg, DSD’s director of enterprise improvement.