Radial Power recently acquired four community solar projects located in New York, totaling 22.3 MW from Galehead Development, both US-based companies. These projects are part of the Value of Distributed Energy Resources (VDER) program, vital for New York’s sustainable energy transition. According to Radial Power, the company will manage the final development and construction stages. Galehead, which developed these projects with local communities and National Grid, will continue managing 14 MW of the portfolio through its Century LandCo. Additionally, Galehead and Radial Power have a framework agreement for an extra 18.3 MW of VDER capacity, expected to finalize by year-end.
Radial Power acquires 22.3 MW solar projects in New York
Radial Power takes on the final development stages of 22.3 MW solar projects acquired from Galehead in New York. (Image Credit: Galehead Development)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)