Scale Microgrid Solutions has acquired three community solar projects in Upstate New York from Nexus Renewables as part of a larger $100 million agreement between the two firms.
The projects have a total capacity of 14 MW and are expected to generate enough renewable electricity to meet the demands of more than 2,550 households or small businesses in the area.
Eligible residents and businesses will be able to buy their electricity through the community solar option. It is a sustainable solution for those who do not have the roof conditions to facilitate the installation of a standalone system or do not own their facilities or homes.
For the $100 million agreement, Scale Microgrid Solutions has signed a fixed-price turnkey EPC agreement and will fund the development, construction, and acquisition of the portfolio of distributed grid-connected solar and battery energy storage projects in the US. Commercial operations are expected to start in the first quarter of 2023.
“Investing in community solar is an important part of the mission here at Scale - these projects allow us to make renewable energy more accessible to all, and help to address one of the largest challenges facing humanity," Scale Microgrid Solutions’ CEO Ryan Goodman said. "As we add to our rapidly growing distributed solar and energy storage projects across the United States, we're proud to add Nexus as a trusted partner.”
