Dimension Energy has secured $650 million in construction and term financing to support a 132 MW portfolio of 25 community solar projects across Pennsylvania, New York, New Jersey, and Illinois. The funding consists of $415 million in debt financing provided by First Citizens Bank, MUFG, ING Capital LLC, and National Bank of Canada. Franklin Park contributed $235 million in tax equity for the project. CRC-IB served as financial advisor to Dimension Energy.
Prior to this, in June 2025, the company secured another $360 million construction and term financing for community solar projects of 112 MWdc. The portfolio consists of 28 community solar projects in the states of New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania in the US. First Citizens Bank acted as lead debt syndicator, along with ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Additionally, Advantage Capital provided $170 million in tax equity.
Financing for community solar projects is on the rise. Apart from Dimension Energy, other developers like Nautilus Solar and Pivot Energy have raised funding for these projects. For instance, in September 2025, Nautilus Solar Energy closed a $275 million long-term debt facility to support the development of more than 25 community solar projects with over 130 MW to be installed across Illinois, Maryland, Delaware, New York, and Rhode Island. Similarly, Pivot Energy secured $170 million financing for an existing construction warehouse facility with ATLAS and First Citizens Bank. This supports approximately 60 community solar projects or 225 MW across Illinois, Colorado, Maryland, Virginia, New York, Pennsylvania, Delaware, Michigan, and California.
REGlobal’s Views: There have been many reports surrounding concerns related to policy reversals for community solar. However, the sector continues to thrive owing to the attractive market dynamics of these projects. Further, these projects are smaller and can be brought online in much less time than traditional utility-scale solar projects leading to their continued uptake.