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OYA Solar Closes Development Capital Facility with Greenbacker Capital That Will Support Community Solar Projects Across New York State
January 26, 2021 GMT
Financing supports OYA’s continuing effort to construct 100 MWDC of Community Solar projects in New York in 2021
NEW YORK, Jan. 26, 2021 /PRNewswire/ - OYA Solar, a solar developer and asset owner, announced today that it has secured financing that will support the development and construction of approximately 350-400 MWDC of community solar projects across New York State. The development capital financing transaction was successfully closed with a private equity and credit fund affiliated with Greenbacker Capital Management, LLC., with NY Green Bank, a division of the New York State Energy Research and Development Authority (“NYSERDA”), participating.
Last week, New York utility Con Edison launched its latest effort to smooth the way for customers to install rooftop solar and to feed the utility s growing hunger for data on how that solar can be integrated into its grid.
The tool it’s using, built by Arlington, Virginia-based company ConnectDER, is a meter collar adapter that plugs into the socket where electrical meters connect to buildings. In its simplest applications, it can provide the data collection and computing power of a typical smart meter, serving as a cellular-connected point solution to connect particular customers to utilities that haven’t yet deployed advanced metering infrastructure across their territories.
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New Clean Energy Communities Leadership Round Helps Reduce Energy Costs and Offers Additional Support for Projects Located in Disadvantaged Communities
Supports Governor Cuomo s Nation-leading Climate Agenda Which Includes a Goal to Direct 40 Percent of the Benefits of Clean Energy Investments to Disadvantaged Communities
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Governor Andrew M. Cuomo today announced $17 million in funding and expanded high-impact actions under the state s Clean Energy Communities program to help drive stronger community leadership to reduce harmful carbon emissions, expand assistance for disadvantaged areas and foster further investments in the growing clean energy economy. The program s new Leadership Round increases the options a community can choose from to lower their carbon footprint, recognizes their leadership through a point rewards system, provides access to additional grant opportunities for actions taken and supports Governor Cuomo s nation-leading climate agenda, w
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A provision in the governor s budget proposal would override a portion of New York City s landmark building emissions law, allowing owners to buy renewables from existing wind and solar plants upstate. | J. David Ake/AP Photo
Cuomo s renewable energy boon to New York City building owners
ALBANY Owners of large New York City buildings have found a potential workaround for a new city law requiring them to cut emissions, thanks to Gov. Andrew Cuomo.
Cuomo’s budget proposal includes a provision backed by the Real Estate Board of New York which would override a portion of the city s landmark building emissions law hailed by environmental advocates. The governor wants to let building owners buy renewable energy from existing wind and solar plants in upstate New York as an alternative to penalties or investments in more costly efficiency improvements.
South Brooklyn Marine Terminal To Become A Wind Turbine Assembly and Maintenance Plant, Bringing 1,200 Jobs To Sunset Park
Elizabeth Yeampierre estimates that her team at UPROSE – the Brooklyn community-based environmental justice organization she oversees – has been advocating for the creation of green jobs along the industrial waterfront of Sunset Park for over two decades.
“I found a flyer the other day at UPROSE that was dated ‘97 or ‘98,” said Yeampierre, who’s served as executive director to the Sunset Park-based organization since 1996.
So, it felt like a long-deserved victory when on Jan. 13 the New York State Energy Research and Development Authority (NYSERDA) approved plans to transform the South Brooklyn Marine Terminal (SBMT) into a wind turbine assembly and maintenance plant, answering the calls of groups like UPROSE and bringing with it over one thousand green jobs to the area.