Wallingford, Connecticut [RenewableEnergyAccess.com] Distributed Energy Systems Corp. has entered into a joint venture with Morgan Stanley to develop and finance power generation projects focused on better utilizing today’s energy resources.Primary applications include waste-to-energy, combined-heat-and-power, wind, solar, bio-digestion, fuel cell and other renewable technologies. Morgan Stanley’s Managing Director, Aaron Lubowitz, said: “We see a large and growing number of investment opportunities in selected alternative energy projects.” The joint venture will offer full project life cycle services including development, financing, engineering, procurement, construction, commissioning, operations and services. “Now, in partnership with Morgan Stanley, we can offer a third-party ownership and operations model that creates a win-win for end users and investors alike,” said Ambrose L. Schwallie, Distributed Energy’s CEO. “Another clear benefit of working with Morgan Stanley is that our engineering and services business will have a chance to win business from their robust franchise in energy projects.” Morgan Stanley and Distributed Energy will collaborate to develop and own renewable and efficiency-enhancing energy projects. Morgan Stanley expects to contribute the majority of the capital to meet project financing requirements, with Distributed Energy providing the balance. The agreement with Morgan Stanley represents the successful conclusion of Distributed Energy Systems’ previously announced goal of attracting a financing partner to support and accelerate development of renewable and efficiency-enhancing projects in the U.S.