Joint venture sells off 75MW New York community solar portfolio

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
NY Governor Andrew Cuomo has been a strong supporter of solar in the state.

Developer and investor Distributed Sun (DSUN) and wind turbine firm Emergya Wind Technologies (EWT) have sold off 75MW of community solar projects they were co-developing in New York.

The first phase of the so-called SUN8 projects are scheduled to be constructed in 2018 with the expectation that they will create 800 jobs in the process. The second phase of SUN8 projects will follow in 2019.

Community solar has surged in the US, doubling from 347MW in 2016 to 743MW in 2017.

The buyer cannot currently be named. The projects were developed with assistance from the New York State Energy & Research Authority and the NY Green Bank.

“This makes us the largest developer of fully ready-to-build community solar assets in NY since Governor Cuomo and state legislators authorized this visionary clean energy program for local communities,” said Chase Weir, CEO, DSUN. “Combined with an additional 90MW of distributed solar and wind production we plan to bring online next year, DSUN is excited to expand clean energy access to almost 30,000 New Yorkers within just two years.”

EWT has developed community wind projects in the UK, Netherlands and Greece and claims to have the largest pipeline of such projects in New York.

“Our partnership with Distributed Sun exceeded our expectations and together we look forward to contributing to energy choice, via both distributed wind and solar projects, in the United States and around the world,” said Eric Holton, head of business development, EWT in North America.

Read Next

April 15, 2021
Maxeon Solar Technologies intends to raise up to US$143.75 million through a share issue to help finance planned capacity expansions and R&D, with long-time partner TZS committing to an investment.
April 14, 2021
Meyer Burger is on track to start shipments of its first heterojunction (HJ) solar modules made in Germany to distributors in July.
April 13, 2021
European solar investors are coming to terms with smaller returns, however banks, governments and grid operators could do more to help alleviate risk and ease investor concerns.
April 7, 2021
Energy technology company AES Corporation has secured a US$301 million debt facility to finance the development of a community solar power project portfolio totalling 215MWdc capacity.
March 30, 2021
‘Solar Module Super League’ (SMSL) member JA Solar has reported PV module shipments of 15.88GW in 2020, up from 10.26GW in 2019, a 54.8% increase year-on-year, setting new records for total shipments and shipment growth.
March 29, 2021
Solar developer ReneSola returned to net profit last year despite struggling with declining revenues throughout 2020.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021