Dimension Energy has accomplished building of the biggest third-party-owned neighborhood photo voltaic mission in the US. Located in Inyokern, California, this mission will produce 44 MW of unpolluted power, serving a various group of residential and industrial prospects in Southern California Edison service territory. Among the many beneficiaries are over 2,000 households, supportive housing group the Redwood Household Care Community, municipal services within the cities of Lengthy Seaside and Corona, and industrial offtakers like AT&T and Crown Fortress.
Whereas California continues to wrestle to develop a scalable neighborhood photo voltaic program that may serve residents affordably and successfully, Dimension secured over $100 million in whole mission capital for the mission. The deal, which closed on the finish of 2023, consists of companions Silicon Valley Bank (SVB), a division of First Residents Financial institution, Nationwide Financial institution of Canada, Comerica, and NT Photo voltaic.
“Dimension has an unparalleled understanding of neighborhood photo voltaic markets that permits us to acknowledge and seize alternatives that different folks don’t see,” mentioned Sam Younes, Co-Founder & Chief Growth Officer, Dimension Power. “We turned a struggling utility-scale website into the biggest neighborhood photo voltaic mission within the nation regardless of great coverage hurdles within the state by making the most of the area of interest Inexperienced Tariff Enhanced Group Renewables program. Apart from our Inyokern mission, this program has been basically non-functional.”
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