Dimension Energy, a developer, owner and operator of distributed energy infrastructure, has secured $857 million of additional capital to accelerate the growth of its distributed solar platform.
The new capital comprises a $200 million upsize of the company’s corporate credit facility, with lead lenders being Nuveen Energy Infrastructure Credit and funds and accounts managed by HPS Investment Partners, together with a $657 million construction-to-term debt and tax equity financing package.
The upsized corporate facility brings Dimension’s total corporate credit facility to $650 million and provides additional flexibility to advance the company’s high-quality distributed solar pipeline, enabling projects to move efficiently from development into construction.
The $657 million financing will provide construction debt and tax equity financing for a portfolio of 29 distributed solar projects totaling 149 megawatts, located across Illinois, New Jersey, New York
