Onyx and Sol Collaborate on 24 MW Solar Distributed Energy Portfolio Across 5 US States

March 1, 2024
The portfolio will produce enough electricity to power 3,285 homes, provide scholarships and other local sponsorships, and include the use of native pollinator habitat at one ground-mounted project

Onyx Renewable Partners (Onyx) and Sol Systems (Sol) have signed an agreement to purchase and sell a 24 MWdc solar and storage development portfolio of eight distributed generation (DG) projects for clean, reliable power to businesses and communities across California, Illinois, Maryland, Massachusetts, and New York. 

Sol originated and developed the portfolio, while Onyx acquired the projects to finance, build, own, and operate them. The projects will power a variety of customers, including a Massachusetts municipality and multiple Fortune 500 companies. 

The portfolio will produce enough electricity to power 3,285 homes, provide scholarships and other local sponsorships, and include the use of native pollinator habitats at one ground-mounted project. It is expected to be completed by Q1 2025 and will offset approximately 16,000 metric tons of carbon emissions yearly.

The investments arising from the projects will benefit local communities, help create new job opportunities, stimulate economic growth, and strengthen the commitment of the Fortune 500 companies approving clean energy solutions. 

“Our partnership with Onyx highlights our ongoing commitment to deploying clean energy projects with a focus on community engagement and excellence in solar and storage development,” said Andrew Grin, Senior Vice President of Enterprise Solutions for Sol Systems. “Sol has built more than 250 MWs of DG solar and storage projects and is proud to work with the Onyx team to continue deploying more renewable energy for our valued customers.”