LAS VEGAS, NV — June 12, 2025 — Desert Solar Energy Partners announced Thursday it has closed a $45 million Series B funding round, marking one of the largest renewable energy investments in Nevada this year. The round was led by Greenvale Capital Partners, with participation from existing investors Sunridge Ventures and Pacific Clean Energy Fund. The company said it plans to deploy the capital across three primary initiatives: expanding its utility-scale solar portfolio in Nevada and Arizona, accelerating battery storage infrastructure development, and hiring approximately 120 full-time employees over the next 18 months. "This funding represents a significant vote of confidence in both our team and the long-term demand for clean energy across the Sun Belt," said Desert Solar CEO Maria Castillo. "We have shovel-ready projects that will deliver reliable, affordable power to hundreds of thousands of households." The announcement comes as Nevada advances its mandate requiring 50% renewable energy by 2030. Desert Solar currently operates 340 megawatts of installed solar capacity and expects to exceed 700 megawatts by the end of 2027. The company's pipeline includes four utility contracts currently under negotiation with regional municipal providers. Greenvale Capital Managing Partner David Huang called Desert Solar "one of the most disciplined operators" his firm has evaluated in the sector, citing the company's project completion track record and long-term power purchase agreements already secured. --- **About Desert Solar Energy Partners:** Desert Solar Energy Partners is a Las Vegas-based renewable energy developer specializing in utility-scale solar generation and battery storage solutions across the American Southwest. Founded in 2018, the company manages more than 340 megawatts of operational capacity serving residential and commercial utility customers. Learn more at desertsolarpartners.com. ---