Aspen Power acquires 41 MW solar portfolio in New York and Pennsylvania

(Image by Sebastian Ganso from Pixabay)

Aspen Power, a distributed generation platform, announced it has acquired eight ground-mounted solar projects in Pennsylvania and New York from solar site developers, totaling more than 41 megawatts of direct current (MWdc) projects.

Solar Site Developers will co-develop the projects acquired by Aspen Power. They are currently in the engineering design stage, with construction expected to begin in the coming months. The Pennsylvania projects will be net-metered under Pennsylvania’s Alternative Energy Portfolio Standard Act, while the New York projects will provide bill credits to utility customers via the Value of Distributed Energy Resources (VDER) program.

“We’re proud to advance decarbonization together with the team at Solar Site Developers, who have been committed partners in the preliminary stages of bringing these projects to life,” said Dan Gulick, senior vice president of community solar at Aspen Power. “Building on Aspen Power’s portfolios in the Keystone state as well as our home state of New York is a key element of achieving our goal of gigawatt-scale in the coming years,” he added.

Attorneys Matthew Karmel and Yana Spitzer joined the Factor This! podcast from Renewable Energy World to discuss the legal risks facing the solar industry, and they pointed out the potholes to watch out for in the future. Subscribe wherever you get your podcasts.

Aspen Power often works with early-stage developers to bring renewable energy online while providing a source of recurring revenues to landowners who use their land or rooftops for renewable generation.