Distributed Solar Development (DSD) has acquired a 17 MW community solar portfolio with three projects from Source Renewables, a New York state developer focused on community solar. The three projects, one of which includes Solar + Storage, were developed by Source Renewables and are expected to go into commercial operation next summer.
“DSD was drawn to the Source Renewables team because of their focused and disciplined approach to solar development, their unique entrepreneurial strategy and their ability to manage solar assets in the community after operations,” said Lauren Craft, director of asset acquisitions at DSD. “We look forward to further projects from the 85 MW pipeline that Source Renewables has in development.”
The installation of the three projects is planned for this winter. Utah-based Mill Creek Engineering provides engineering, procurement, and construction. The portfolio comprises three separate New York State properties in Chautauqua, Oswego and St. Lawrence Counties. The location in Oswego County is supported by up to 8,000 kWh of energy storage.
“We have worked hard to ensure these projects have the support of their respective communities, and DSD’s resources and talent will add to their long-term value,” said Andrew Day, partner at Source Renewables. “We look forward to working with these and possibly other projects in the future.”
The project is supported by government funding and incentives from the New York State Energy Development and Research Authority, including the Value of Distributed Energy Resources incentive program and MW Block and Battery Energy Storage System.
“These programs are invaluable as we partner in bringing clean and reliable renewable energy online across New York State,” said Craft. “This will lead to savings and benefits in these communities in the years to come.”
Source Power Company, a community solar customer management platform, manages the subscription and ongoing customer relationships for the projects.
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