US based Catalyze, a leading developer and Independent Power Producer (IPP) of renewable energy assets, has chosen NY based GreenSpark Solar to construct 10 new projects totaling 60 MW. This collaboration will expand Catalyze’s community solar portfolio in New York, which already includes the Amherst solar project, and additional sites acquired from Canada-based BW Solar. The projects are partially funded by $100 million from NY Green Bank and supported by the New York State Energy Research and Development Authority (NYSERDA) through the NY-Sun Program. This partnership aligns with New York’s goals to achieve 10 GW of distributed solar capacity and 70% renewable energy in electricity generation by 2030. These projects are expected to be completed between 2024 and mid-2025.
Catalyze selects GreenSpark for community solar projects
The NY Green Bank’s $100 million funding is crucial for the success of Catalyze’s new solar projects. (Image Credit: Catalyze)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
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