Lowenstein advised Dimension Renewable Energy on the deal.
Dimension Renewable Energy (Dimension), a distributed energy platform focusing on community solar and battery storage across the United States, has agreed to sell a controlling equity stake to Partners Group, a global private markets firm.
Dimension is focused on originating, developing, financing, and operating community solar and battery storage facilities across the United States. It has developed a deep pipeline of over 180 projects totaling over 800 MWs of solar capacity and over 800 MWhs of battery storage across eight states. Dimension’s projects will serve residential, commercial, and industrial subscribers from the local communities where the projects are located. Partners Group will work closely with co-founders Rafael Dobrzynski and Sam Youneszadeh to grow Dimension into a more than $1 billion platform and one of the largest community solar operators in the United States.
Community solar benefits from several transformative trends driving the low-carbon transition, including the increasing environmental consciousness of consumers, a regulatory landscape facilitating the decentralization of the power sector to improve reliability, and broadening access to the benefits of renewable energy to historically underserved consumers and households.
The Lowenstein deal team included Steven E. Siesser (Picture), Traci M. Tomaselli, Lesley P. Adamo, Darren Goodman, Anita L. Chapdelaine, Nicole Stefanelli, Megan Monson, Sophia Mokotoff, Revel Atkinson, Emily B. Sklar, and Eric Jesse.
Involved fees earner: Lesley Adamo – Lowenstein Sandler; Revel Atkinson – Lowenstein Sandler; Anita Chapdelaine – Lowenstein Sandler; Darren Goodman – Lowenstein Sandler; Eric Jesse – Lowenstein Sandler; Sophia Mokotoff – Lowenstein Sandler; Megan Monson – Lowenstein Sandler; Steven Siesser – Lowenstein Sandler; Emily Sklar – Lowenstein Sandler; Nicole Stefanelli – Lowenstein Sandler; Traci Tomaselli – Lowenstein Sandler;
Law Firms: Lowenstein Sandler;
Clients: Dimension Renewable Energy;