Dimension Energy has secured a $360 million construction and term financing for a new 112 MWdc portfolio. The portfolio consists of 28 community solar projects in the states of New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania in US.
First Citizens Bank acted as lead debt syndicator, along with ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Additionally, Advantage Capital provided $170 million in tax equity. CRC-IB acted as the exclusive financial advisor to Dimension Energy.
Earlier in March 2025, Dimension Energy secured the close of a $128 million tax credit transfer purchase agreement with a Fortune 500 Company. The tax credit transfer purchase agreement was for a portfolio of 30 community solar projects with a total capacity of 122 MWdc. The projects will provide enough local solar energy to power over 17,000 households across Delaware, Illinois, Maine, New Jersey, New York, Pennsylvania, and Virginia.
