Catalyze adds 4 community solar sites in New York | Projects Weekly
This edition of Projects Weekly is highlighting several new solar projects in development in the United States and Canada, plus a healthy dose of financing news. We start off with news from Catalyze, which partnered with CS Energy to develop 27 MW of distributed solar projects in New York. Plus, PowerBank is expected to receive interconnection results soon on three community solar projects in Nova Scotia, while the company also has secured all required municipal approvals for two brownfield solar projects in Skaneateles, New York.
On the financing front, Macquarie Asset Management has committed $350 million to support Nexamp’s utility-scale solar and battery storage expansion in the United States; and Soluna has secured $100 million from Generate Capital to expand green data centers.
Finally, air conditioning manufacturer Daikin has tapped ENGIE to advance the company’s unified solar power strategy across Texas.
Catalyze adds 4 new community solar projects to New York
Catalyze has completed four community solar projects in central and western New York. Developed in partnership with CS Energy, the 27 MW of solar energy adds to Catalyze’s robust New York footprint, helping the state reach its goal of installing 6 GW of distributed solar ahead of schedule.
The projects leveraged standardized design, a consistent racking system, and trusted subcontractor relationships, allowing the Catalyze and CS Energy teams to accelerate schedules and bring power online. At the same time, construction access and laydown areas were carefully managed so that farmland could return to its pre-existing condition, allowing landowners to continue farming outside the solar arrays. These four completed sites represent the first half of an eight-project collaboration between Catalyze and CS Energy. The remaining projects, totaling more than 25 MW, are scheduled for completion over the next year.
Cool factor: The four projects — located in Pavilion, Phelps, Fonda, and Fabius, New Yrok — were designed to integrate seamlessly with the local grid and built with prevailing wage labor, supporting both reliability and clean energy workforce development. The installations were supported by New York State programs, including the Inclusive Community Solar Adder and the Community Adder, which help ensure reliable energy access to low-to-moderate income (LMI) subscribers and disadvantaged communities.
“This milestone is about more than megawatts, it’s about taking action,” said Andrew D’Amico, chief operating officer at Catalyze. “We are seeing businesses move fast to lock in the long-term benefits and cost advantages of solar power while federal tax credits are still in place, with states offering incentives designed to expand access.”
The timing of these projects highlights the importance of acting quickly to secure federal tax incentives. Current solar investment tax credits cover 30% of project costs, with potential bonuses of 10% for domestic content and an additional 10% for projects in designated energy communities.
PowerBank makes progress on solar projects in Nova Scotia and New York
PowerBank Corp. expects receive interconnection results within the next 30 days for three community solar projects in Nova Scotia, plus the company has secured all required municipal approvals for two brownfield solar developments in Skaneateles, New York.
The three projects in Nova Scotia, located in Sydney, Brooklyn, and West Petpeswick, are owned by AI Renewable Flow-through Fund and PowerBank is the lead developer and builder. If the interconnection results are positive and the projects are financially feasible, the PowerBank expects to begin construction in the Spring of 2026. PowerBank will partner with local Nova Scotia engineering firm, Trimac Engineering, to deliver the projects. Over the projects’ lifetimes, they will generate up to a combined $6.95 million in electricity savings for the local communities.
The two projects in New York are located on industrial brownfield sites in Skaneateles, which is in the state’s Finger Lakes Region, in Onondaga County. The projects have secured all required municipal approvals, including variances, site plan approval and special use permit. The projects will now pursue NY Department of Environmental Conservation approval to enter construction.
Cool factor: The Canadian Federal government and the Province of Nova Scotia are very supportive of Community Solar, with a number of incentives, including the Smart Renewables and Electrification Pathways Program (SREPs), Indigenous-Led Clean Energy Stream, and the Low Carbon Communities program.
Following receipt of the necessary permits and financing for the two New Projects, PowerBank intends to commence the construction. Once completed, each of the sites will be operated as a community solar project.
Macquarie Asset Management commits $350 million to support Nexamp projects
Macquarie Asset Management has facilitated $350 million of long-term financing to Nexamp Inc. to support the construction of the company’s first utility-scale solar and battery storage projects.
“We believe this relationship will allow the team to realize rapid success in the utility-scale energy transition market,” said Harlan Cherniak, head of Americas infrastructure debt at Macquarie Asset Management. “Through this $350 million facility, we will continue to solidify our credit and insurance division as a global leader in the infrastructure and asset-based credit market.”
In a separate transaction, Nexamp raised additional development capital from Nomura to advance earlier-stage project development and sustain its robust national pipeline of utility-scale opportunities.
Cool factor: Macquarie’s financing will facilitate the construction of more than 1 GWac of solar and storage projects across the high-demand MISO, ERCOT and NYISO markets, while Nomura’s capital will advance development activities in MISO, NYISO and PJM, three of the nation’s fastest-growing regions for utility-scale renewables. Nexamp’s long-term expertise in greenfield development of commercial distributed generation assets will complement its successful development of new utility-scale projects.
“These financings, secured from two world-class partners, ensure that Nexamp can both deliver on the near-term buildout of utility-scale solar and storage and invest in the development pipeline that will power the next phase of growth,” said Zaid Ashai, chairman and CEO of Nexamp. “This is about building a durable platform that meets the country’s rising demand for easy-to-deploy, more affordable energy.”
Soluna secures $100 million to expand green data centers
Soluna Holdings Inc. has closed on a scalable credit facility in an amount of up to $100 million from Generate Capital. The initial $12.6 million draw will fund refinancing and construction of active data center projects, with additional capital support for Soluna’s 1 GW and expanding pipeline.
“We believe this deal with Generate primes Soluna for scale,” said John Belizaire, CEO of Soluna. “We’re not just growing our current projects, we’re building new ones wherever wasted renewable energy can be converted into valuable high performance computing. This deal reflects a different kind of infrastructure financing, focused on capital efficiency, modular growth, and disciplined execution. We’ve known the Generate team for quite some time before partnering; they understand our business, our team, and our industry well, making them so much more than just investors. We see them as strategic partners going forward.”
Cool factor: This financing follows over $30 million in funding raised earlier in 2025 from Galaxy Digital, Spring Lane Capital, and a recent public offering. The new agreement adds further momentum to Soluna’s execution roadmap, as the recent addition of 150 MW Projects Gladys and 100 MW Fei pushes the company past 1 gigawatt of renewable computing capacity.
This milestone builds on the recent 48 MW expansion underway at Project Dorothy 2 and the start of construction of Project Kati 1. Soluna also intends to expand its computing offerings beyond Bitcoin mining to include AI workloads, reflecting the growing demand for green computing across various industries.
Daikin selects ENGIE to advance unified solar strategy across Texas
Air conditioning manufacturer Daikin has signed a five-year agreement with ENGIE North America to power all of the company’s Texas facilities with 100% renewable electricity, including the Daikin Texas Technology Park (DTTP), home to its largest manufacturing site and North American headquarters.
“This initiative represents a major step forward in aligning our operations with Daikin’s long-term sustainability goals,” said Mike Knights, senior VP of procurement at Daikin. “By working with ENGIE, a global leader in the energy transition, we’re securing clean electricity for our Texas operations while reinforcing our environmental responsibility goals. The initiative facilitates a transparent, traceable connection between operational energy use and a certified renewable energy source.”
Cool factor: Under the agreement, Daikin will source renewable electricity from the Impact Solar project in North Texas, which is owned and operated by a third party and has been in commercial operation since 2021. This relationship brings Daikin closer to its goal of making the DTTP a Net Zero Factory by 2030 and supports the company’s global Environmental Vision 2050.
This milestone builds on Daikin’s recent installation of a solar array at DTTP, which powers the facility’s central chiller plant and supports grid integration. Together, these efforts reflect a broader strategy shaped by a two-year collaboration with ForeFront Power to evaluate energy usage, sustainability goals, and procurement planning. The result is a forward-looking approach that advances Daikin’s environmental goals while reinforcing its leadership in sustainable manufacturing and corporate responsibility within the HVAC industry.
