CS Energy, Goldman Sachs Renewable Power Group (GSRP) and the New York Energy Research and Development Agency (NYSERDA) have started construction of new utility-scale solar projects across New York at 216 MWDC. The projects are expected to be in commercial operation by the end of 2021. This makes them the first commercial solar projects on a utility scale in the state of New York.
“CS Energy is proud to continue helping New York achieve its ambitious clean energy goals,” said Eric Millard, CCO of CS Energy. “As the state’s leading solar company, we are proud to work closely with local communities to lead the first utility-scale solar projects in New York State.”
In 2016, the New York Public Service Commission set the Clean Energy Standard, which was further strengthened by the Climate Leadership and Community Protection Act of 2019. By 2030, 70% of the electricity consumed in New York is expected to be generated from renewable energy sources Awarded in 2018.
The solar portfolio created more than 500 jobs and represents over $ 160 million in private investment. Local communities and regions are expected to benefit over $ 80 million. These benefits benefit the local landowners, property tax jurisdictions, as well as local contractors who support the day-to-day operations and maintenance of the projects.
To date, CS Energy has built over 150 MWdc solar projects in New York, and by the end of 2021 that number will reach 500 MWdc. CS Energy recently opened regional headquarters in Albany and currently employs more than 45 full-time project management and engineering staff in New York. The company supports a network of construction workers, local suppliers and subcontractors. CS Energy was recently named New York’s Best Solar Entrepreneur in its annual ranking of the Nation’s Top Solar Companies by Solar Power World.
CS Energy has partnered with Goldman Sachs Renewable Power Group to provide the financing and asset management services necessary to successfully build, own and operate the projects. Goldman Sachs Renewable Power Group currently owns and operates more than 2.3 GW of clean power nationwide.
“GSAM Renewable Power Group is pleased that New York State has shown such critical leadership in establishing the Clean Energy Standard, which is critical to renewable energy project development and capital formation in New York,” said Michael Conti, VP of GSAM Renewable Power Group. “We are excited to support the state initiative and to partner with CS Energy, a company focused on providing exceptional quality to our customers while helping to create a low-carbon future for the people of New York.”
The solar project portfolio is:
- Darby Solar, 27 MWdc – Capital Region, in Easton
- Branscomb Solar, 27 MWdc – Capital Region, in Easton
- Stillwater Solar, 27 MWdc – Capital Region, in Stillwater
- Grissom Solar, 27 MWdc – Mohawk Valley, in Mohawk
- Regan Solar, 27 MWdc – Mohawk Valley, in Mohawk
- Pattersonville Solar, 27 MWdc – Mohawk Valley, in Pattersonville
- Janis Solar, 27 MWdc – Southern Tier, in Willet
- Puckett Solar, 27 MWdc – Southern Tier, in Greene
Stillwater Solar was developed by East Light Partners, acquired by GSRP and is being built by CS Energy.
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