DSD acquires six-project community solar + storage project portfolio in Massachusetts
Published in Solar Builder
DSD Renewables has acquired a six-site community solar-plus-energy storage project portfolio in southeastern Massachusetts from Borrego. Including 45 MW of solar PV and 88 MWh of battery storage installations, the projects will enable local businesses and residents, including those with low incomes, to access renewable energy at affordable prices. Combined, the projects will generate enough clean energy to offset 42,882 metric tons of carbon dioxide emissions each year.
The portfolio is included in the Solar Massachusetts Renewable Target (SMART) Program, a long-term, sustainable solar incentive program to promote cost-effective solar development across the state. A portion of the portfolio is eligible for Massachusetts’ Low Income Community Shared Solar program, which provides credits on electricity bills to low income subscribers. The project is expected to attract a mix of community solar and commercial and industrial tenants, including the Markley Group, as announced recently.
“This portfolio represents the strength and success of Massachusetts’ solar programs and incentives, and we’re looking forward to doing more work in the region in the future,” says Andrew Thurston, Director of Asset Acquisitions at DSD.
“Partnering with Borrego has enabled these six projects to bring maximum value and impact to the region, and together we are making clean energy affordable for low-income communities,” says Amol Kapur, Vice President of Acquisitions and Strategic Origination at DSD.
A ground-mounted solar-plus-storage system will be featured on all six sites. Two sites will be located in Acushnet – one with 7 MW of solar and 6.86 MWh of storage, and the second with 10.4 MW of solar and 19.99 MWh of storage. Another two sites will be located in Freetown, one with 1.5 MW of solar and 3.37 MWh of storage, and the second with 12.9 MW of solar and 26.6 MWh of storage. The final two sites will be a 2.3 MW solar and 5 MWh storage installation in Plymouth and an 11.1 MW solar and 20 MWh storage installation in Wareham.
“Partnering with such a stable and efficient capital provider like DSD has enabled this portfolio to achieve its full potential,” says Borrego Vice President of Project Finance Adam Feldman. “We’re accelerating community solar adoption for those who can benefit most while instituting a clean energy future for more residents and businesses of Massachusetts.”