Aspen Power Closes Initial Community Solar Sites In New York, Advancing Clean Energy Goals

Aspen Power, a top distributed generation platform focused on clean energy, has acquired a 23 MWdc community solar portfolio from Greenwood Sustainability Infrastructure (GSI). These projects, located in the NYSEG and National Grid utility areas, will improve access to renewable energy in the region. As part of New York’s Value of Distributed Energy Resources (VDER) program, these projects will provide subscribers with discounts on utility rates while adding clean energy to the grid.

Jorge Vargas, Chief Executive Officer, Aspen Power, said “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. By closing on these initial sites, we are advancing our mission to support New York’s clean energy goals and provide tangible benefits to the communities we serve.”

Mazen Turk, CEO, Greenwood Sustainability Infrastructure, stated “This transaction exemplifies the value of strategic collaboration in advancing renewable energy projects while recognizing GSI’s development acumen within the solar industry. By working with Aspen Power, we’re ensuring that these projects will deliver meaningful benefits to New York communities while unlocking the value of our assets in alignment with GSI’s overall market strategy.”

These projects use advanced Single-Axis Tracking (SAT) systems to boost energy production by following the sun’s movement throughout the day. This technology highlights Aspen Power’s dedication to making renewable energy more efficient and impactful. By working together, GSI gains access to Aspen Power’s knowledge and resources in expanding and managing community solar projects, helping ensure their smooth launch and long-term success.