DESRI Inc.

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General Information
Business:
We are committed to building the renewable energy infrastructure necessary to support the decarbonization of electric power generation in the United States. We have created a competitive and resilient company and are dedicated to delivering value to our shareholders that is as sustainable as our product.
We are a top-five pure-play, renewable energy independent power producer, or IPP, in the United States based on total gross capacity of operating projects as of September 30, 2021, according to Wood Mackenzie. We develop, construct, own, and operate high-quality renewable energy projects across the country. Since 2010, we have been building a dynamic company that we believe is poised for success in a rapidly evolving industry. Our diversified portfolio of utility-scale, renewable energy assets includes 67 solar and wind power generation and battery storage projects in 25 states representing 6,468 MW of capacity across contracted pre-construction, construction, and operational phases.
As an active participant in the rapidly growing renewable energy market, we believe we play a significant role in the replacement cycle for, and decarbonization of, energy infrastructure in the United States. Our primary focus is on utility-scale solar, which is the largest and fastest growing segment within the domestic, onshore renewable energy generation market. Utility-scale solar is expected to add 128 GWdc of capacity at a compound annual growth rate, or CAGR, of approximately 23% in cumulative installations from the beginning of 2021 through the end of 2025 according to Bloomberg New Energy Finance, or BNEF. We believe that our focus on utility scale solar positions us well for continued high growth. See “Our Market Opportunity” for further detail on our position in the industry and the growth trends of the renewable energy market.
Industry: Renewable energy
Employees:
Founded: 2010
Contact Information
Address 1166 Avenue of the Americas, Ninth Floor New York, NY 10036
Phone Number (212) 478-0000
Web Address http://www.DESRI.com/
View Prospectus: DESRI Inc.
Financial Information
Market Cap
Revenues $202.58 mil (last 12 months)
Net Income $93.03 mil (last 12 months)
IPO Profile
Symbol DESR
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Goldman Sachs/ BofA Securities
CO-Managers -
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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