Finance
Investment Companies
A BREAKTHROUGH IN SOLAR FINANCE
D-Sun finances its solar projects by aggregating multiple commercial and light industrial-scale projects into Solar Energy Investment Companies (SEICs). In January 2010, D-Sun formed sunONE, its first SEIC, to finance and operate six medium-sized commercial rooftop sites in four states. sunONE achieved profitability in June, 2011.
D-Sun’s second SEIC, sunTWO, was completed in December, 2011, more than doubling D-Sun's capacity under management. Following on these successes, D-SUN’s first sunTHREE project commissioned in Maryland in 2011 and the second is being built in New Mexico. D-Sun is also developing sunFOUR, which will deploy $25 million of institutional tax equity in 2012 and 2013.
MEETING A GROWING DEMAND
The United States is expected to surpass Spain and Germany to become the largest market for photovoltaics in the world by 2012. Much of this growth will occur in states where D-Sun has already deployed - states with mandatory minimums for solar power production. This policy support will result in compound annual growth rates of 45 - 81%. D-Sun’s market strategy takes advantage of these state policies while also leveraging our exclusive project pipeline and low cost of capital.
