The $1.54 billion transaction will make Con Edison the 2nd-largest owner of operational solar assets in the United States, and is expected to close by the end of the year.
Starting with 3 MW this year, Consolidated Edison plans to install up to 11 MW of solar on its properties, to provide solar access to between 3,000 and 6,000 of its poorest customers.
The city is now 10% to its 2030 solar goal, but still lags well behind the rest of the state in deployment.
The Chinese PV heavyweight has signed the Master Module Supply Agreement with Consolidated Edison Development for around 560 MW of modules in the U.S., as it continues to make headway in the region.
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