BlackRock to acquire majority stakes in new GE solar business under new partnership
General Electric Co and BlackRock have agreed to build a Distributed Solar Development (DSD, a new solar industry powerhouse that the company will design, build, own and operate distributed solar and storage solutions for customers.
BlackRock will take an 80% stake of the Distributed Solar Development (DSD) and GE Renewable Energy will hold a 20% interest in the new venture.
The DSD was launched in 2012 by GE and has developed over 125 solar-power sites for customers in industrial, commercial and government sectors. The team behind the start-up has more than 3 GW of collective development experience. At present, the business employs over 60 people.
Country updates
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July 24, 2019
Maine PUC approves off-take contract for 72.6 MW Weaver wind project
The Maine Public Utilities Commission (PUC) has approved the 20-year power purchase agreement (PPA) deal for the output of the 72.6 MW Weaver wind project in Hancock County. The agreed pri...
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July 24, 2019
TerraForm Power acquires 320 MW DG portfolio in US
TerraForm Power, Inc. has announced that it has entered into a definitive agreement to acquire a high-quality, unlevered distributed generation platform with up to 320 MW of capacity in the United Sta...
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July 23, 2019
Vistra Energy concludes acquisition of Crius Energy Trust
Vistra Energy and Crius Energy Trust have announced the completion of the Crius Energy acquisition by Vistra. The closing of the transaction follows the overwhelming approval of the transaction...
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July 22, 2019
Xcel Energy commissions 478 MW Hale Wind Project in US
Xcel Energy has completed the 478 MW Hale wind Project near Plainview, Texas - a clean energy resource that is now serving Texas and New Mexico customers with low-cost energy. The new wind facility s...
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July 19, 2019
National Grid completes acquisition of Geronimo Energy
National Grid, through its competitive non-regulated unit National Grid Ventures (NGV), completed its US$100 million acquisition of Geronimo Energy - wind and solar developer in North America. Founde...
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