OYA Solar has closed on an exclusive co-development agreement with Omni Navitas to develop, construct, and own 600 MW of community solar projects across the Northeast U.S. The builds on OYA’s already substantial North American development pipeline which, prior to the closing of this deal, sat at 2 GW of community and utility-scale solar.
OYA and Omni expect to build the first 240 MW of projects under the arrangement in New York over the next 24 months and, independent of the deal, OYA expects to have 100 MW in construction this year from its existing New York pipeline. According to the company, these combined capacities make OYA’s community solar development pipeline represent roughly 12% of the state’s entire community solar development pipeline.
OYA has made rapid progress in becoming a key community solar developer in New York, as the company opened its New York office just over two years ago.
Outside of New York, the rest of the capacity executed under this deal will be developed in Virginia, and Pennsylvania. The two companies also hinted at more agreements to come soon, alluding to collaboration on portfolios in Massachusetts and New Mexico, as well as more development in New York, Virginia and Pennsylvania.
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