Generate, KeyState invest $64M in NY community solar

Generate Capital and KeyState Renewables have closed their third joint fund, Generate NY Community Solar VI, LLC, with a $64 million investment from KeyState, aimed at enhancing renewable energy capacity in rural New York. The fund supports the construction and management of 11 solar projects, totaling 53.5 MWdc of new solar power. Three of these projects are in areas incentivized for renewable energy development due to economic challenges and a history of fossil fuel dependency. This initiative is part of Generate’s infrastructure-as-a-service model, which combines financing and management strategies to deliver clean energy solutions. The partnership between Generate and KeyState has now seen nearly $150 million invested across multiple funds.