CleanCapital Chosen for 12-MW Solar Project in NY

• CleanCapital powers up Adirondack Park with a 12MW solar farm, as NYSERDA commits to a 20-year renewable energy partnership, driving New York's green future.

The New York State Energy Research and Development Authority (NYSERDA) has selected CleanCapital, a US clean energy investment platform, to construct a 12-megawatt solar farm in Adirondack Park. This initiative is part of New York's ongoing efforts to expand renewable energy infrastructure and reduce carbon emissions.

In addition to the construction agreement, NYSERDA has entered into a 20-year contract to purchase the Renewable Energy Certificates (RECs) produced by the solar plant. This long-term commitment underscores the state's dedication to supporting sustainable energy projects and achieving its clean energy goals.

How will CleanCapital's solar farm impact New York's renewable energy goals and carbon reduction?

• The 12-megawatt solar farm will contribute to New York's goal of achieving 70% renewable energy by 2030, as outlined in the Climate Leadership and Community Protection Act (CLCPA).
• By generating clean energy, the solar farm will help reduce reliance on fossil fuels, thereby decreasing greenhouse gas emissions and supporting the state's carbon neutrality target by 2050.
• The project will create local jobs during the construction and operational phases, boosting the regional economy and supporting the state's green job growth initiatives.
• The solar farm will enhance grid reliability and energy security by diversifying the state's energy mix with more renewable sources.
• The Renewable Energy Certificates (RECs) purchased by NYSERDA will help track and verify the environmental benefits of the solar farm, ensuring accountability and transparency in meeting renewable energy targets.
• The initiative will serve as a model for future renewable energy projects in the state, encouraging further investment and development in clean energy infrastructure.
• By situating the solar farm in Adirondack Park, the project demonstrates a commitment to balancing environmental conservation with renewable energy development, aligning with New York's broader sustainability goals.