...DSD acquires 22.3 MW community solar portfolio in New York State | Solar Builder

DSD acquires 22.3 MW community solar portfolio in New York State

DSD NY 2020

Distributed Solar Development has acquired a three-project, 15.6 MW community solar energy portfolio from Source Renewables. DSD is also in the process of acquiring a fourth project from Source Renewables, bringing the total portfolio size to 22.3 MW. The project locations include Cortland, Onondaga, and Madison Counties, and are expected to be operational in 2022.

Last December, DSD announced the acquisition of a three-project, 17 MW community solar energy portfolio in New York.

“Source Renewables was a great partner the first time around, and we were ecstatic to re-engage and do more business together,” says Kevin Hu, Manager, Asset Acquisitions at DSD. “Their disciplined and entrepreneurial approach makes it easy to work with them and saves us money, time, and resources. We look forward to continuing our relationship in the future.”

“DSD has become a trusted partner for us, and their resources and deep expertise across the development lifecycle has proven invaluable,” said Andrew Day, Partner at Source Renewables. “Our shoulder-to-shoulder partnership optimizes engineering, development, construction, ownership, and maintenance, which has ultimately enabled us to put more MWs in the ground.”

Forty percent of the offtake will go to large commercial and industrial customers, managed by DSD. The other 60% will be managed by Source Renewables and go to residential and small commercial customers.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: , , ,

Comments are closed here.