DESRI Announces Closing of Preferred Equity Financing for 250 MW Solar Portfolio in Texas

NEW YORK, Oct. 14, 2025 /PRNewswire/ -- Today, DESRI announced the closing of its $129 million preferred equity investment in a 250-megawatt (MWac) utility scale solar development, comprised of two projects, located in West Texas.

"DESRI is excited to support the construction of a leading US Independent Power Producer's projects, which will serve new industrial load in the area", said Peter Koczanski, Director at DESRI. "This investment demonstrates DESRI's capabilities as a capital solutions provider for renewable energy assets. DESRI's industry expertise, having successfully constructed over eight gigawatts of projects, enables us to move quickly and use our capabilities to provide added value to the assets in which we invest. Our team is able to reliably deliver desired outcomes for our partners."

King & Spalding LLP advised DESRI on the transaction.

About DESRI
DESRI and its affiliates develop, acquire, invest-in, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of contracted, operating, and in-construction renewable energy projects currently includes 70 solar and wind projects representing more than ten gigawatts of aggregate capacity. In addition to its ownership of generating assets, DESRI has acted as a financial investor across the renewable energy industry offering companies capital to support and grow their businesses.

This press release is provided for the reader's information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any securities or other financial products.

Please also note that this press release has not been updated since its dateline for any information contained in it that may have changed, including any beliefs and/or opinions. In addition, no assurances can be given that any aims, assumptions, expectations, and/or goals described in this release will be realized or that the activities or any performance described herein did or will continue at all or in the same manner as at the time of the press release.

Contact:
DESRI Media
[email protected]

SOURCE DESRI