Dimension Energy, a community solar developer, owner, and operator, secured $650 million in construction and term financing to support a portfolio of 25 community solar projects with a combined capacity of 132 MW in Pennsylvania, New York, New Jersey, and Illinois.
First Citizens Bank, Mitsubishi UFJ Financial Group, ING Capital, and National Bank of Canada provided $415 million in debt financing, with Franklin Park contributing $235 million in tax equity.
“Our largest project financing to-date is a testament to Dimension’s track record and the critical role distributed generation plays in solving America’s energy crisis,” said Rafael Dobrzynski, Co-Founder and CEO of Dimension Energy. “We’re thrilled to welcome Franklin Park as a new partner and to continue our strong relationships with First Citizens Bank, MUFG, ING, and National Bank of Canada.”
CG/CRC-IB served as the exclusive financial advisor to Dimension Energy, with Stoel Rives as the legal counsel, while Foley & Lardner served as counsel for the lender group, and McDermott Will & Schulte acted as counsel for Franklin Park.
“Franklin Park is proud to partner with Dimension Energy on this portfolio of community solar projects,” said Neil McQueen, Vice President, Franklin Park Infrastructure. “Dimension is a leader in solar development and operations, and their proven platform makes them an ideal partner for us as we increase our investments in distributed clean energy assets.”
In 2025, Dimension Energy secured $360 million in construction and term financing to support the development of a portfolio of 28 community solar projects totaling 112 MWdc located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania. The company has developed over 1 GW of community solar and currently has 3.5 GW under development across 14 markets.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, large-scale project funding increased 37% in 2025 compared to 2024.
