Dimension Energy Executes Tax Credit Transfer for 122MW Portfolio
Deal News | Mar 27, 2025 | CRC-IB
CRC-IB, a prominent financial advisory firm, has successfully guided Dimension Energy, a major community solar developer, through the intricacies of an Investment Tax Credit (ITC) transfer on a 122MW DC distributed generation solar portfolio. The ITC was fully purchased by an unspecified Fortune 500 company. Dimension Energy has been recognized for its significant contributions to the community solar landscape, boasting achievements like executing over 600 megawatts (MW) of community solar since its inception in 2018. Moreover, they have a robust plan to invest over $3 billion over the next five years, aiming to have over 800 MW transitioning from pre-construction to operations by 2025 and developing 3.5 GW across 13 markets. Dimension’s projects are praised for promoting clean energy and providing socio-economic benefits such as local jobs and educational opportunities. The transaction highlights the growing interest in solar energy investments among leading corporations and emphasizes Dimension’s pivotal role in progressing the U.S. solar market.
Sectors
- Renewable Energy
- Financial Advisory
Geography
- United States – Dimension Energy operates and invests in distributed generation solar projects across various markets in the U.S.
Industry
- Renewable Energy – The transaction involves a distributed generation solar portfolio, which is a key component of the renewable energy sector.
- Financial Advisory – CRC-IB's role as the exclusive financial advisor on this transaction is central to the financial advisory industry.
Financials
- 100% – The percentage of the Investment Tax Credit (ITC) purchased by the Fortune 500 company.
- 122MW DC – The capacity of the distributed generation solar portfolio involved in the ITC transfer deal.
- $3 billion – The investment planned by Dimension Energy over the next five years.
- 800MW – The anticipated capacity of projects transitioning from pre-construction to operations by 2025.
- 3.5GW – The total capacity of projects under development by Dimension Energy across 13 markets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CRC-IB | Financial Advisor | Company | A financial advisory firm that served as the exclusive advisor to Dimension Energy for the ITC transfer deal. |
| Dimension Energy | Target Company | Company | A leading community solar developer, owner, and operator involved in the tax credit transfer agreement. |
| Fortune 500 Company | Buyer | Company | An unspecified Fortune 500 company that purchased 100% of the ITC from Dimension Energy's solar portfolio. |
| Conor McKenna | Spokesperson | Person | Partner & Senior Managing Director at CRC-IB, commented on the transaction's impact and significance. |