DSD Gets Two-Project, 10 MW Community Solar Portfolio in Lenox, NY
- Distributed Solar Development (DSD) has actually acquired a two-project, 10 MW area solar portfolio in Lenox, New York.
" This acquisition materially increases DSD's New York Community Solar portfolio, which the company will certainly continue to expand in 2021," claims Jon Morton, Vice President of Acquisitions at DSD.
Both projects are ground-mounted as well as were acquired 75% full from a mid-stage development partner. DSD will certainly look after project monitoring via the rest of construction, which is being done by High Peaks Solar of Wynantskill, N.Y. The portfolio is predicted to be complete by the end of January.
Kevin Bailey, CEO of High Peaks Solar, claims, "Our firm wishes to say thanks to every one of the tireless men and women that saw this project ended up being a success throughout a challenging year. This project is the biggest we have actually finished to date."
" High Peaks Solar is a skilled contractor in the PV sector and also was the initial greenfield developer for this portfolio," says DSD Senior Project Manager Derrik Fillippo, that has been dealing with High Peaks on finishing the projects. "When construction is complete, members of the community will certainly gain from tidy, renewable energy and a smaller power costs."
Sixty percent of the solar generated will benefit tiny business and also domestic customers in and around Lenox, while the various other 40% will be taken advantage of by a huge anchor offtaker. Both projects are already 100% subscribed, with Blue Wave Solar managing subscriptions