Dynamic Energy New York State Community Solar Project Now Live
ALBANY, N.Y., April 18, 2019 /PRNewswire/ -- Dynamic Energy Solutions, LLC, a leading solar energy project developer and installer, today announced that they have completed construction of one of the largest community solar projects in New York State. The 5.49‑megawatt project, known as the Capital Region Community Solar Garden, will generate more than 7,300 megawatt-hours per year, the equivalent of powering more than 800 homes.
Community solar projects are designed to provide solar access to residents and businesses who may not own property or have ideal roof conditions to support solar panels. The Capital Region Community Solar Garden is a remotely installed solar panel garden consisting of two adjacent 2.7-megawatt arrays in Altamont, NY. Residents and businesses who subscribe to the solar garden will have a portion of the garden's production allocated to their electric account, which will provide them with a discount to their monthly electricity costs.
"We are thrilled that the Capital Region Community Solar Garden is now live and generating clean, renewable energy in the Albany, NY area," said Michael Perillo, Founder and CEO of Dynamic Energy Solutions. "This project offers customers of National Grid an easy and cost-effective way to go solar. It's free to join, requires no installation or maintenance, and provides savings to subscribers on their electricity costs. We are proud to have developed one of the largest community solar projects in the state, as these gardens support local, renewable energy generation, reduce air pollution, and generate local jobs."
The Capital Region Community Solar Garden received support from NYSERDA through NY-Sun, Governor Andrew M. Cuomo's $1 billion initiative to advance the scale-up of solar and move New York closer to having a sustainable, self-sufficient solar industry. Since 2011, solar in New York State has increased more than 1,500 percent and leveraged nearly $3.5 billion in private investments. There are currently nearly 12,000 people engaged in solar jobs across New York.
"Congratulations to Dynamic Energy on the completion of their community solar project, which is an increasingly popular option for residents and businesses as we work towards meeting New York's nation-leading clean energy goals under Governor Cuomo's Green New Deal," said Alicia Barton, President and CEO, New York State Energy Research and Development Authority (NYSERDA). "I commend the Capital Region community for taking part in solar energy projects like this one to help reduce emissions and support locally-produced renewable energy."
"Dynamic's team has built a robust community solar subscription and operations platform that is bringing solar to residents of the Capital Region that currently lack access behind-the-meter," said Noah Kirsch, Director of Finance at Wunder Capital. "At Wunder, we're pushing aggressively to finance community solar's rapid growth, and we're excited to have another opportunity to partner with Dynamic as owner-operator of these assets."
Dynamic Energy developed, installed and owns the project. Dynamic Energy has partnered with the Solomon Organization, a leading multi-family real estate investment, management and development firm, to provide Solomon residents in the Capital Region the opportunity to subscribe to the solar garden. For information on how to become a subscriber, please visit https://dynamicenergy.com/community/new-york/
About Dynamic Energy Solutions, LLC
Dynamic Energy is a full-service solar energy provider that brings together the diverse expertise needed to design, finance, build, and maintain projects to meet the needs of commercial, industrial, and institutional customers. With an in-house team that includes professional engineers, project managers, and master electricians, Dynamic Energy creates high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment, and achieve sustainability goals.
About Wunder Capital
Wunder Capital develops and manages solar investment funds by leveraging its national partnership network, tested processes, proprietary underwriting framework, and best-in-class online investment portal. Wunder actively manages everything, from the sourcing of commercial solar opportunities, to the underwriting, contracting, and construction of each project. Once a system is live, Wunder manages the ongoing operation and maintenance of the array, bills the energy customer, and distributes proceeds to investors. For more information, please visit www.wundercapital.com.
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SOURCE Dynamic Energy
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