Desert Sky Energy

Overview

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Sector

Renewable Energy
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Geography

United States
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Initial Investment

2017
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Funds

EICLP
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Status

Unrealized

Desert Sky Energy is a diversified portfolio of 20 solar and wind power generation projects across 10 states in the US.

Each project has long-term project financing through tax-equity investments and debt financing as well as long-term power purchase agreements with investment-grade counterparties. The portfolio has implemented several value-enhancing opportunities across the projects, including restructuring debt to take advantage of lower interest rates, renegotiating O&M contracts to leverage the portfolio’s economies of scale and adding reactive power compensation where permitted. The seller, D.E. Shaw Renewables Inc. (DESRI), continues to own 25%-50% of each project.