Partners Group, a global private markets firm, has, on behalf of its clients, agreed to acquire a controlling equity stake in Dimension Renewable Energy, a distributed energy company focusing on community solar and battery storage across the US.
Todd Bright, partner, head private infrastructure Americas, Partners Group, said, “Dimension represents an excellent fit for our transformational investing strategy given the scope to grow the platform into a leading independent power producer that will build, own and operate solar projects, capturing the benefits of scale in the distributed generation space. The highly fragmented nature of the community solar market in the US, as well as Partners Group’s extensive experience building platform assets, allows for significant potential to add to Dimension’s organic pipeline through project-level M&A.”
Rafael Dobrzynski, co-founder, chief executive officer, Dimension Renewable Energy, commented, “Dimension is on a strong growth trajectory and we recognize that there is an even greater market opportunity to create an integrated developer, owner and operator of community solar projects in the US. We believe Partners Group’s focus on transformational investing, as well as the firm’s proven track record in renewable energy, significant resources, and operational expertise, make the firm the right partner for us as we expand the platform.”
Patrick Langan, member of management, private infrastructure Americas, Partners Group, added, “Community solar is contributing to the low-carbon transition in the US, and Dimension creates broad, positive stakeholder impact by expanding access to clean, affordable energy for local residents and small businesses. We will work closely with Rafael, Sam, and the rest of the management team, to implement the value creation plan at Dimension, including growing the operating asset portfolio, expanding the team, and entering new community solar and battery storage markets.”