Dimension Energy Closes $412 Million Community Solar Project Financing Package

First Dimension financing led by MUFG will support 25 projects in IL, ME, NJ, NY, PA, & VA

Atlanta, GA – Dimension Energy (Dimension), a leading community solar developer, owner, and operator, announced it has secured its largest construction and term financing, $412 million, to support a new 134 MWdc portfolio of community solar projects in Illinois, Maine, New Jersey, New York, Pennsylvania, and Virginia. This portfolio of community solar projects will save subscribers at least 10% on their energy bills at a time when national electricity prices are steadily increasing.

MUFG acted as lead debt syndicator, alongside First Citizens, ING, National Bank of Canada, Cadence, and Siemens, with Advantage Capital providing $176 million in tax equity.

“We’re thrilled to have MUFG lead their first Dimension financing, alongside our longstanding partners First Citizens Bank and Advantage Capital, as well as ING, National Bank of Canada, Cadence, and Siemens,” said Rafael Dobrzynski, Co-Founder and CEO of Dimension. “Investors clearly see increasing value in community solar amid the energy demand crisis.”

“MUFG is pleased to have acted as a coordinating lead arranger (CLA) for the successful closing of Dimension Energy’s latest landmark project. Distributed power generation—and community solar in particular—is a growing segment of the renewable energy market that plays a vital role in reducing carbon emissions and enables the participation of a wide range of community members. We look forward to continuing to support Dimension’s ambitious growth in the industry,” said Fred Zelaya, Managing Director – Project Finance, MUFG.

“We’re pleased to partner with Dimension on another community solar portfolio,” said Adam Constantinides, Senior Vice President, Advantage Capital. “This transaction underscores our commitment to advancing the energy transition while delivering lasting community impact.”

“This milestone highlights the power and real-world impact of community solar,” said Neha Mahajan, Director at CRC-IB.  “We value our long-standing partnership with Dimension and are proud to support their growth with innovative structured finance solutions that expand access to clean, affordable energy.”

CRC-IB acted as the exclusive financial advisor to Dimension.

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About Dimension Energy‍

Dimension Energy is a leading community solar developer, owner, and operator. Dimension has executed more than 900 megawatts (MW) of community solar since its 2018 founding, serving more than 35,000 subscribers. The company plans to invest $4 billion over the next 5 years, will have more than 800 MW in pre-construction-to-operations by the end of 2025, and 3.5 GW under development across 14 markets. In the communities where we invest, our projects deliver clean energy, local jobs, tax revenue, and savings, alongside other benefits including workforce development and educational opportunities. Dimension is making clean energy work for everyone. Learn more at www.dimension-energy.com.

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