Aggreko Invests in 59 MW of NY Solar

• Aggreko, a world-leading power solutions provider, has purchased nine community solar projects in New York with a combined capacity of 59MW, with the first site already switched on, and the rest to follow in 2021. Tax equity financing from an institutional investor will help make the transaction possible.

Aggreko, a UK-based power solutions provider, has purchased a portfolio of nine ground-mounted community solar projects with a combined capacity of 59 MW in New York. One of the sites was switched on at the end of last month, and the rest are scheduled to be commissioned in 2021. Aggreko has secured tax equity financing from an institutional investor to help fund the transaction. Aggreko's unit Energy Transition Solutions is now overseeing the construction of the projects.

What Is Aggreko Doing with 59 MW of Community Solar?

• Aggreko is investing $63 million in the project as part of its commitment to expand its clean energy presence in the US.
• Aggreko plans to sell the energy produced by the community solar projects to local utilities and other off-takers in New York.
• The nine community solar projects are located in various towns and cities around New York and will generate enough energy to power more than 6,000 homes.
• Aggreko aims to provide clean, sustainable energy to the residents of New York, while also helping to reduce emissions and promote economic growth in the area.
• Aggreko is also working with local community organizations to ensure that the projects benefit the local community.
• Aggreko will also be providing education and job opportunities to those living in the areas where the solar projects are located.