DESRI Announces Closing of Preferred Equity Financing for 250 MW Solar Portfolio in Texas

DESRI announced the closing of its $129 million preferred equity investment in a 250-megawatt (MWac) utility scale solar development, comprised of two projects, located in West Texas. "DESRI is excited to support the construction of a leading US Independent Power Producer's projects, which will serve new industrial load in the area", said Peter Koczanski, Director at DESRI. "This investment demonstrates DESRI's capabilities as a capital solutions provider for renewable energy assets. DESRI's industry expertise, having successfully constructed over eight gigawatts of projects, enables us to move quickly and use our capabilities to provide added value to the assets in which we invest. Our team is able to reliably deliver desired outcomes for our partners."

King & Spalding LLP advised DESRI on the transaction.

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