Goldman Sachs companions for US solar spree

Feb 26, 2021 02:02 PM ET
  • Bank's renewables arm to at first obtain 55MW of neighborhood PV in New York state from SMT Energy
Goldman Sachs companions for US solar spree
Image: APPA/Unsplash

Goldman Sachs Renewable Power is partnering with SMT Energy to establish renewable resource projects in the US.

Originally, Goldman Sachs will obtain 55MW of area solar centers found in upstate New york city from SMT.

The nine projects will be operational in 2022 and will deliver power equal to the yearly ordinary power usage of 8030 residences.

SMT co-founder John Switzer claimed: "I am incredibly proud of our team for developing such a strong portfolio of projects in just over one year.

" These projects are topped to provide strong, non-correlated returns for financiers in addition to purposeful benefits for regional neighborhoods consisting of clean, lasting power, high-grade jobs as well as substantial tax earnings."

SMT co-founder David Spotts claimed: "This transaction is an interesting development for our business and the neighborhoods we operate in.

" We expect proceeding our energy as we work to develop a wide range of solar centers and also standalone energy storage systems to the highest possible sector requirements."

SMT companion John France stated: "We are thrilled to begin our partnership with the incredible group at GSRP, we appreciate all of their effort as well as partnership in bringing this deal to fulfillment."