DSD Renewables has acquired a seven-project, 11.3 MW group solar 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 can have 100% residential offtake and are anticipated to serve greater than 600 residents, whereas the seventh venture can have 100% business offtake. All seven tasks are anticipated to generate 17,073 MWh of fresh energy every year.
“We are thrilled to be entering a new market with such a strong portfolio of community solar projects that will bring affordable renewable energy to a large 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. Common Energy shall be dealing with buyer acquisition and subscriptions for the portfolio.
“Minnesota’s community solar program is widely recognized as a leader in terms of installed capacity, and DSD looks forward to additional opportunities to streamline and expand that impact,” provides Joe Rosenberg, DSD’s director of enterprise growth.