With the passage of twin initiatives, New York has set an ambitious plan to raise its energy storage capacity to 1.5 GW by 2025 and 3 GW by 2030.
The solar developer today announced that it has reached a deal with J.P. Morgan and Upper Bay for over $200 million in capital commitments. These funds will go towards financing the development of 8minutenergy’s 10.7 GW project pipeline.
Nine community solar projects within the state will be participating in the “Solar For All” program, providing access to no-cost community solar for low-income New Yorkers.
The proposed legislation would require all new residential units in the city to include solar arrays, starting in 2019.
The company has issued a request for proposals for 50 MW of solar to support its simultaneously-announced subscription program for government, tribal and other large customers.
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