New York

The City of White Plains, N.Y., stands to collect more than $20 million in rent for hosting the solar arrays, while local residents and businesses can take advantage of the renewable energy produced.

Source Renewables said the project represents an opportunity to repurpose the waste site and create local benefits through distributed solar.

Gov. Andrew Cuomo said “cutting red tape” will help the state meets its sustainability goals and recover economically from the Covid-19 pandemic.

The 22 MW of solar projects are expected to include some energy storage systems and help New York City and the state meet sustainability goals.

The community solar program powers entire communities with renewable power and passes along guaranteed bill savings. But there’s a novel twist to it.

The approvals follow Gov. Cuomo’s State of the State address and will help New York meet its 70% by 2030 renewable portfolio standard and climate goals.

The utility said the small storage project goes unused for most of the year and could offer big learning opportunities.

The debt will be used to finance commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.

The newly combined independent power producer brings to the table a 4.2 GW generation portfolio, including 543 MW of solar.

In his 2021 State of the State address, Andrew Cuomo said, “Green energy is a pressing moral imperative and a prime economic opportunity.”