In The News: Community Solar Garden Comes Online In Albany Area
This originally appeared in SolarIndustryMag.com.
Dynamic Energy Solutions LLC has completed a new community solar project in New York State.
The 5.49 MW project, known as the Capital Region Community Solar Garden, will generate at least 7,300 MWh per year, the equivalent of powering approximately 800 homes.
The project is a remotely installed solar garden consisting of two adjacent 2.7 MW arrays in Altamont, N.Y. Residents and businesses who subscribe to the solar garden will have a portion of the production allocated to their electric account, which will provide a discount on their monthly electricity costs.
“We are thrilled that the Capital Region Community Solar Garden is now live and generating clean, renewable energy in the Albany, N.Y., area,” said Michael Perillo, founder and CEO of Dynamic Energy Solutions. “This project offers customers of National Grid an easy and cost-effective way to go solar. It’s free to join, requires no installation or maintenance, and provides savings to subscribers on their electricity costs. We are proud to have developed one of the largest community solar projects in the state, as these gardens support local, renewable energy generation, reduce air pollution and generate local jobs.”
The Capital Region Community Solar Garden received support from the New York State Energy Research and Development Authority (NYSERDA) through NY-Sun, Gov. Andrew M. Cuomo’s $1 billion initiative to advance the scale-up of solar.
“Congratulations to Dynamic Energy on the completion of their community solar project, which is an increasingly popular option for residents and businesses as we work towards meeting New York’s nation-leading clean energy goals under Governor Cuomo’s Green New Deal,” says Alicia Barton, president and CEO of NYSERDA. “I commend the Capital Region community for taking part in solar energy projects like this one to help reduce emissions and support locally produced renewable energy.”
Project owner Dynamic Energy also developed and installed the facility, which was financed by Wunder Capital. Dynamic Energy is also partnering with the Solomon Organization, a multifamily real estate investment, management and development firm, to provide Solomon residents in the Capital Region the opportunity to subscribe to the solar garden.
“At Wunder, we’re pushing aggressively to finance community solar’s rapid growth, and we’re excited to have another opportunity to partner with Dynamic as owner-operator of these assets,” says Noah Kirsch, director of finance at Wunder Capital.