“Distributed Solar Development has secured a $250 million fund to pay for distributed generation projects through 2020. The deal is financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank, and was announced Wednesday. DSD was formed in Schenectady as a General Electric incubator company in 2012 and was known as GE Solar … [Read more…]
“A solar startup launched by General Electric Co. and funded by BlackRock Inc. will be headquartered at Mohawk Harbor, according to the Schenectady Metroplex Development Authority. Distributed Solar Development, which designs, builds, owns and operates distributed solar power generating plants, currently employs more than 60 people, according to GE Reports. DSD had its origins … [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…]