Renewable energy project developer Catalyze has selected GreenSpark Solar to construct and develop 10 projects in New York totaling 60 MW.
The partnership will expand Catalyze’s New York community solar portfolio, which currently includes the Amherst solar project and additional sites acquired through a recent transaction with BW Solar. Additionally, it will support ongoing initiatives funded by $100 million in financing from NY Green Bank, aimed at advancing community solar projects throughout the state.
The community solar projects will be funded in part by the New York State Energy Research and Development Authority (NYSERDA) through the NY-Sun Program. This partnership will support New York’s efforts to install 10 GW of distributed solar by 2030 and 70% renewable energy in electricity generation by 2030.
“We’re excited to expand our solar portfolio through this partnership with GreenSpark, which has been a leader in the New York renewable energy landscape for over two decades now,” said Jared Haines, CEO of Catalyze. “We look forward to sharing our mutual expertise to provide New Yorkers with affordable and reliable renewable electricity, regardless of geography or income.”
“Community solar is one of the best avenues to bring the energy transition to low-middle income communities—a movement that GreenSpark is incredibly passionate about,” said Kevin Schulte, CEO of GreenSpark Solar. “We are excited to support Catalyze’s success in bringing community solar projects online across New York and look forward to supporting them to bring this portfolio of solar projects to fruition, and in turn, bring more renewable energy to our communities.”
Anticipated completion dates for these projects are 2024 to mid 2025.
News item from Catalyze
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