DSD Renewables, a leading developer and deployer of solar and storage projects, has recently secured a strategic investment of $250 million from Cox Enterprises. This substantial investment is set to support DSD’s ongoing mission of accelerating the deployment of renewable energy.

This investment represents Cox’s largest contribution to the renewable energy sector to date. It’s worth noting that BlackRock’s Climate Infrastructure business will continue to be the majority stakeholder in DSD, alongside Cox. David Giordano, global head of BlackRock Climate Infrastructure, reiterates their confidence in DSD’s potential, stating, “BlackRock firmly believes in DSD’s vision and the value proposition they offer in making solar more accessible to organizations.” Giordano also acknowledges the significant growth the renewable energy sector has experienced in recent years and is pleased to see distinguished global companies like Cox recognizing its extraordinary opportunities and potential.

DSD’s remarkable achievements in securing project capital cannot be overlooked. Since 2019, the company has raised over $2 billion, facilitating the development and deployment of over 600 MW of solar and storage projects across the nation. This demonstrates DSD’s commitment to making a tangible difference in advancing clean energy solutions and combating climate change.

With Cox Enterprises’ substantial investment and continued support from BlackRock’s Climate Infrastructure business, DSD Renewables is poised to make further strides in reshaping the renewable energy landscape. This collaboration exemplifies the growing interest and confidence from major stakeholders in the renewable energy sector, solidifying DSD’s position as an influential player in the industry.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.