Aspen Power Achieves Key Solar Milestone in New York

Aspen Power Makes Strides in Community Solar Development

Aspen Power, a prominent player in the renewable energy sector, recently announced a significant achievement in solar energy development. The company has completed the acquisition of a community solar portfolio totaling 23 megawatts of direct current (MWdc) capacity from Greenwood Sustainability Infrastructure (GSI).

Renewable Energy Access Enhancement

The new projects span across key utility territories, including New York State Electric and Gas and National Grid. This initiative aims to enhance accessibility to renewable energy for local communities. Additionally, these projects will actively engage in New York's Value of Distributed Energy Resources (VDER) program, allowing subscribers to benefit from lower utility rates while contributing clean energy to the grid.

Statement from Leadership

“This marks an important milestone in Aspen Power’s partnership with GSI as we continue to expand our presence in New York’s renewable energy market,” stated Jorge Vargas, CEO of Aspen Power. He emphasized that finalizing these sites is a step forward in fulfilling New York's clean energy goals while delivering noticeable benefits to local communities.

Strategic Collaboration Recognized

Mazen Turk, CEO of GSI, also highlighted the importance of collaboration. “This transaction exemplifies the value of strategic collaboration in advancing renewable energy projects,” he noted. By partnering with Aspen Power, GSI seeks to unlock the full potential of their assets, ensuring these projects yield substantial benefits for New York communities.

Innovative Technology Implementation

The projects will use advanced Single-Axis Tracking (SAT) systems, which enable them to follow the sun’s path throughout the day, thereby optimizing energy generation. This innovative technology aligns with Aspen Power’s commitment to maximizing the efficiency and impact of its renewable energy initiatives.

Operational Excellence and Community Focus

Through this strategic partnership, GSI will leverage Aspen Power’s extensive expertise and resources to ensure successful deployment and operation of community solar assets. This collaboration guarantees that the initiatives will not only be efficient but will also thrive long-term, catering to the needs of the communities they serve.

About Aspen Power

Aspen Power is dedicated to accelerating the transition towards renewable energy. The company focuses on building a future that respects the environment by connecting with businesses, communities, and other industry stakeholders to develop, construct, and operate renewable energy resources. Aspen Power is driven to offer sustainable solutions to its clients' energy challenges across the U.S.

About Greenwood Sustainability Infrastructure

Greenwood Sustainable Infrastructure, a subsidiary of Libra Group, specializes in renewable energy development. With a strong focus on distributed generation and solar energy projects, GSI has developed approximately 388 MW DC across numerous renewable energy projects in North America. With a commitment to sustainable growth and a robust project pipeline of 2.3 GW, GSI is poised to continue its leadership role in the clean energy sector.

Frequently Asked Questions

What is the main focus of Aspen Power?

Aspen Power is focused on accelerating and democratizing renewable energy solutions throughout the U.S.

How much capacity did Aspen Power acquire?

Aspen Power closed on a community solar portfolio totaling 23 MWdc capacity.

Which program will these projects participate in?

The projects will participate in New York's Value of Distributed Energy Resources (VDER) program.

What technology will be used in these solar projects?

These projects will utilize advanced Single-Axis Tracking systems for optimal energy production.

Who is the CEO of GSI?

The CEO of Greenwood Sustainability Infrastructure is Mazen Turk.

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