Renowned solar developer Distributed Solar Development (DSD) has recently expanded its expansive portfolio with two New York community solar arrays. The pair of solar facilities, generating a total of 10-megawatts, is the latest acquisition completed by the developer, which has recently come off of a busy year in 2020.
According to DSD’s VP of acquisitions, Jon Morton, the two projects are just the start of the company’s growth throughout the year. Morton confirms that the 10-megawatt community solar arrays will be followed by additional programs that will continue to add to DSD’s solar offerings throughout the United States.
The two projects are ground-mounted arrays based out of Lenox, NY. At time of the acquisition, the two facilities were 75% complete and were obtained by a mid-stage development partner. DSD and its experienced staff will oversee the construction’s completion, which has been the work of High Peaks Solar. The remaining quarter of the development is expected to be completed before February 2021, barring any complications arising from the COVID-19 pandemic.
Prior to completion, Blue Wave Solar stepped in to help manage customer subscriptions to the facilities. Once operational, the community solar arrays will generate solar power, 60% of which will be used to serve Lenox homeowners and small businesses. Blue Wave was able to reach a 100% subscription capacity prior to the facility coming online.
According to High Peaks Solar CEO, Kevin Bailey, the two projects in Lenox are the largest the solar developer has worked on. High Peaks will see the construction through to completion, at which point homeowners and small businesses will receive the benefits of participating in community solar.
Subscribers will be eligible to receive monthly bill credits put toward their utility bill. Additionally, all participants will play a role in reducing New York’s carbon emissions and helping the state reach its renewable energy goals set by Governor Cuomo.