GE Solar, the solar development business incubated within GE, announced in July a partnership with BlackRock to create Distributed Solar Development (“DSD”). The new company will continue to develop, own and operate solar and storage solutions for the commercial, industrial and public sectors.
A fund managed by BlackRock Real Assets will invest in DSD to build a leading platform in the growing distributed solar market and deploy long-term project equity into DSD’s pipeline to aggregate a large-scale portfolio of operating C&I solar assets.
CohnReznick Capital acted as exclusive financial advisor to GE on the transaction, providing structuring, due diligence, and negotiation support.
“CohnReznick Capital is pleased to play a supporting role in partnering GE and BlackRock in the DSD platform, enabling continued growth for an impressive company and greater penetration of renewables in key markets in the US,” said Conor McKenna, Senior Managing Director.
For additional details on this transaction, please contact:
Senior Managing Director
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