“Almost a year after getting an earlier round of funding, Schenectady-based DSD Renewables, which makes solar farms and community power systems across the Hudson Valley and nationally, received a $250 million investment from Cox Enterprises.
The BlackRock investment group owned 100 percent of DSD, but Cox has purchased $250 million worth of equity in the firm, which will help the company in future years.
This is Cox’s largest renewable energy investment to date. The company is increasingly focused on clean technology and renewable energy, with substantial investments and acquisitions across a range of sustainable technologies.
“This significant investment from Cox marks a pivotal milestone for DSD, enabling our continued evolution to becoming an influential market leader,” Erik Schiemann, CEO at DSD said in a statement. “Our growth, initially fueled by BlackRock’s faith in us, now enters a new chapter.””
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Karlin, Rick. Albany Times Union 25 November 2023.