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Catalyze Partners with GreenSpark Solar for 60 MW Community Solar Projects in New York
Slice of Energy Team
August 01, 2024
Key Highlights:
Catalyze and GreenSpark Solar partner to construct 10 solar projects, totaling 60 MW.
The projects expand Catalyze’s New York community solar portfolio.
Funded partly by NYSERDA through the NY-Sun Program and $100 million from NY Green Bank.
Supports New York’s goal of 10 GW distributed solar and 70% renewable energy by 2030.
Completion expected between 2024 to mid-2025.
Source (Business Wire)
Notable Quotes:
"We’re excited to expand our solar portfolio through this partnership with GreenSpark, which has been a leader in the New York renewable energy landscape for over two decades now."
"Community solar is one of the best avenues to bring the energy transition to low-middle income communities—a movement that GreenSpark is incredibly passionate about."
Our Take:
This partnership between Catalyze and GreenSpark Solar represents a significant step forward in New York's renewable energy journey. By leveraging GreenSpark's extensive experience in the region and Catalyze's innovative technology and financial strength, this collaboration not only expands the state's community solar portfolio but also ensures that the benefits of renewable energy are accessible to all New Yorkers. This aligns perfectly with New York's ambitious renewable energy targets, setting a strong example for other states to follow in their own energy transitions.