Fundz

Desri Announces Strategic Financing Relationship With Harbert Infrastructure

RECENTLY ACQUIREDJun 29, 2022

Round Type

Funding Round

New YorkSustainability

Description

D. E. Shaw Renewable Investments ("DESRI") today announced that it has entered into a strategic financing relationship with Harbert Infrastructure managed funds ("Harbert") including Gulf Pacific Power, LLC ("GPP") and Harbert Infrastructure Fund VI ("HIF VI"). Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI's discretion

Quick answer

DESRI raised an undisclosed amount in a Funding Round round, dated June 29, 2022. DESRI is based in New York, United States.

How much did DESRI raise?
DESRI raised an undisclosed amount in a Funding Round round on June 29, 2022.
What does DESRI do?
Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI's discretion.
Where is DESRI based and how big is it?
DESRI is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Sustainability around the same time

Companies in the same sectors as DESRI that raised within 45 days of this round, from Fundz verified event records.

  • Wi Tricity raised $63M on August 9, 2022.
  • Great Atlantic Resources raised an undisclosed amount (Funding Round) on July 27, 2022.
  • Vecino Energy Partners raised $200M on July 19, 2022.
  • Revterra raised $6M (Series A) on July 19, 2022.
  • PBC raised $130M (Funding Round) on July 19, 2022.
  • FlexGen Power Systems raised $100M (Series C) on July 19, 2022.

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Company Information

Company

DESRI

Location

New York, United States

About

Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI's discretion. "DESRI is extremely excited about our recently-formed financing partnership with Harbert to continue to support our consistent growth," noted David Zwillinger of DESRI. DESRI is focused on owning and managing long-term contracted renewable energy assets in North America and has a portfolio of projects totaling over 6 gigawatts ("GWac") of operating, construction and contracted projects. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment and committed capital as of March 1, 2022, and offices in North America, Europe, and Asia.

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