ArcLight-owned firm to replace oil tanks in New york city with photovoltaic panels
- Generation Bridge LLC, an affiliate of power infrastructure financier ArcLight Capital Partners LLC, intends to replace an inactive oil tank farm in Oswego, New York, with an approximately 25-MW solar park.
The company claimed on Monday that asset supervisor Eastern Generation LLC, another ArcLight affiliate, is creating the solar project at the South Oswego Terminal, ashore possessed by as well as situated concerning three-and-a-half miles south of the Oswego Harbor Power plant. Completion is anticipated by 2027.
Generation Bridge explained that this is the initial of numerous organized financial investments in solar, energy storage space, and other clean energy technologies both at the terminal and also the major Oswego Harbor Power plant.
"These investments in a brownfield site are enabled thanks to the passage of the Inflation Reduction Act as well as New york city's leadership in clean power," kept in mind Mark Sudbey, Chief Executive Officer of Eastern Generation.
Generation Bridge and its affiliate Generation Bridge II LLC presently own power plants with a combined capacity of more than 5,900 MW throughout New York City and also Connecticut.
