OYA Solar announced that the company has entered into an agreement with Greenprint Capital to provide the tax equity financing for four community solar projects located in New York, with a combined capacity of roughly 25 MW.
Within the portfolio, three of the projects have already been completed and reached commercial operation: Robinson Road, a 7 MW installation in Orleans, NY, north of Syracuse on the New York-Canada border, the 7 MW Wayside solar project, located in Pamelia, NY, just south of the Robinson Road installation, and the 7 MW installation installed on State Route 122A.
All of these installations were placed in service at the end of 2021 and are fully contracted with a mix of residential, commercial, public sector and non-profit organizations, including low-income households.
The last project included in the portfolio, a 7 MW installation dubbed Pulaski Solar, in Oswego County, is expected to be connected to the National Grid network by the end of Q1 2022.
In addition to these four projects, OYA has started construction on two projects with a combined capacity of 13 MW that are expected to be operational by Q2 2022, as well as another portfolio of thirteen projects totaling roughly 85MW, which are anticipated to start construction in the spring. By the end of 2022, OYA expects to have approximately 125 MW in operation in New York.
The four projects financed by Greenprint Capital, as well as the two projects that are expected to be operational by Q2 2022, are additionally being financed by Greenbacker Renewable Energy Company and the NY Green Bank, a division of the New York State Energy Research & Development Authority.
OYA has been making a significant community solar development push in New York as of late, and, in June, the company 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., at least 240 MW of which will be located in New York.
This builds on OYA’s already substantial North American development pipeline which, prior to the closing of this deal, sat at 3 GW of community and utility-scale solar.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.