Empire State Realty Trust plans Community Solar project in New York

April 14, 2022
It will feature a parking canopy solar array, which will provide elemental shelter for approximately 500 vehicles, an 8.2-MWh battery storage system and about 80 EV charging stations

The Empire State Realty Trust has planned a community solar project at its office property at the 500 Mamaroneck Avenue complex in Harrison, New York.

The project is one of the first installations in the state to feature community solar, storage and EV charging, with the ability to support additional EVs at no additional cost to the tenants. It will generate more than double the annual energy usage of the building.

The property will also serve as a revenue source as it is contracted for the next 25 years. Approximately 40% of the monetary credits generated will be allocated to the power costs of the Westchester office building and the rest will be available to local residents.

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“Companies look to ESRT to help them achieve critical sustainability goals which attract and retain employees who value environmental leadership and action," ESRT Chairman, President, and CEO Anthony E. Malkin said. "This project helps ESRT meet our sustainability objectives, contributes renewable power to our community, will help to attract tenants, and benefit our shareholders.”

ESRT Senior Vice President of Sustainability, Energy, and ESG, Dana Robbins Schneider added that tenants at 500 Mamaroneck will be able to achieve their sustainability goals by simply being tenants at the building. Schneider said, “This community solar and storage project at 500 Mamaroneck will cost ESRT zero capital investment, generate stable, positive free cash flow over a 25-year period, and improve 500’s competitive position.”

It will feature a parking canopy solar array, which will provide elemental shelter for approximately 500 vehicles, an 8.2-MWh battery storage system and about 80 EV charging stations. ESRT will work with PowerFlex, a subsidiary of EDF Renewables North America, to complete the project.

This project is part of the NYSERDA’s NY-Sun Program.