“Distributed Solar — the Schenectady solar startup that spun off from General Electric earlier this year — has raised a $250 million fund from Morgan Stanley, Silicon Valley Bank and Fifth Third Bank to finance a portfolio of solar projects through 2020. The fund was raised after Distributed Solar Development announced in July that … [Read more…]
“GE and BlackRock, the giant investment firm with trillions in assets under management, have agreed to build a new solar industry powerhouse. Called Distributed Solar Development, the company will design, build, own and operate distributed solar and storage solutions for customers. The new firm will stand on a bedrock of GE’s solar business launched … [Read more…]
“A renewable energy company aligned with the world’s largest hedge fund — whose owner is President Donald Trump’s jobs czar — is looking to build solar farms in the Capital Region, Adirondacks, and the Hudson and Mohawk valleys. “We are very excited about New York,” said Matthew Rosenblum, CEO of New York City-based Onyx … [Read more…]