Catalyze, a Houston-based developer and independent power producer of renewable energy assets, has announced the acquisition of 48 MW of community solar projects in New York from hep solar, a German solar development and investment group. The portfolio consists of eight fully developed projects in National Grid's Load Zone A in upstate New York, with commercial operation expected in 2026.

These projects, located in Ashville, Corfu, Brockport, Portland, and Dunkirk, will support New York's ambitious clean energy goals while providing affordable solar energy to local residents. The projects will be part of the NYSERDA's NY-Sun MW Block Program, which offers financial incentives to accelerate solar development in the state.

Jared Haines, CEO of Catalyze, highlighted the significance of community solar, which enables residents--especially those without rooftop access--to participate in the clean energy transition. "We're excited to bring these impactful projects to life and expand access to renewable energy in New York," said Haines.

The acquisition strengthens Catalyze's growing presence in New York and marks a key step in the company's strategy to expand community solar projects nationwide. Georg von Eichendorff Strachwitz, executive board member of hep solar, expressed pride in the transaction and noted the importance of strong partnerships for delivering impactful renewable energy projects.

This acquisition follows Catalyze's recent $85 million tax equity investment and $400 million debt facility aimed at expanding its solar portfolio across the U.S.

Source: powermag.com