Sidley advised Distributed Solar Development, LLC (“DSD”) on GlobalCapital’s “ESG Securitization Deal of the Year,” which was announced at the GlobalCapital’s 2023 US Securitization Awards in New York City. The winning deal and parties involved were honored for their work on the Osprey Securitization I Solar ABS. As a result of this groundbreaking securitization, DSD opened the door to a new source of funding for the industry, becoming the first borrower to issue a securitization backed with a significant concentration of community solar assets.
The US Securitization Awards honor organizations which have been involved in some of the most innovative or challenging transactions, and those who have stood out for their breadth and depth of their securitization franchises.
The Sidley team that worked on the award-winning securitization was led by partner Tara Higgins (Energy and Infrastructure), senior counsel Siegfried P. Knopf (Capital Markets/Global Finance), senior managing associate Michael T. Sweeney (Global Finance), and associate Karl R. Pielmeier III (Energy and Infrastructure). Additional support was provided by partners Nathan J. Greene (Investment Funds); Christopher Hutchison (Energy and Infrastructure); Robert M. Kreitman, Zuza Savoff, and Hagai Zaifman (Tax); and senior managing associate Tom Hunter (Banking and Financial Services).