Catalyze Acquires 48-MW New York Solar Portfolio

• Catalyze boosts its renewable footprint with a 48-MWdc solar portfolio acquisition, powering New York communities with clean energy and advancing sustainable solutions.

Catalyze, a US-based renewables developer and independent power producer, announced the acquisition of a 48-MWdc community solar portfolio in New York from German company hep solar. This strategic move enhances Catalyze's presence in the renewable energy sector, particularly in the community solar market.

The portfolio consists of multiple projects aimed at providing clean energy to local communities, aligning with Catalyze's mission to expand sustainable energy solutions. This acquisition marks a significant step in Catalyze's growth strategy, leveraging its expertise to manage and optimize solar assets while contributing to New York's renewable energy goals.

How does Catalyze's acquisition of hep solar's portfolio impact New York's renewable energy goals?

• Supports New York's target of achieving 70% renewable energy by 2030 by increasing the state's solar capacity.
• Enhances local energy resilience and reduces reliance on fossil fuels, contributing to a cleaner energy grid.
• Provides more opportunities for community solar subscriptions, allowing residents and businesses to access renewable energy without installing their own solar panels.
• Stimulates local economic growth through job creation in the construction, maintenance, and operation of solar projects.
• Helps reduce greenhouse gas emissions, aligning with New York's climate action goals.
• Encourages further investment in renewable energy infrastructure within the state.
• Strengthens partnerships between local governments, businesses, and renewable energy developers to accelerate the transition to clean energy.