C2 Energy Capital LLC, a rapidly growing renewable energy investor and developer, completed two community solar projects totaling 5.5 MW in the towns of Johnstown and Caledonia, N.Y. These solar power plants are part of New York’s Community Distributed Generation (CDG) program that allows both residents and commercial businesses in the community to benefit from local solar projects. They are owned and operated by C2 Energy Capital.
“C2 Energy Capital is proud to announce that these community solar projects are contributing to the state-wide initiative of 6 gigawatts of distributed solar by 2025,” said Candice Michalowicz, co-founder and managing member of C2 Energy Capital. “We commend New York State and NYSERDA for the national leadership role they’ve taken to help mitigate climate change.”
The community solar projects are generating enough solar energy to power approximately 779 households. The clean power plants will offset 5,060 tons of carbon annually or the equivalent of carbon sequestered by a forest of 6,000 acres.
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These projects received funding from NYSERDA through NY-Sun, the state’s initiative to advance the scale-up of solar and move closer to its goal of 70 percent of the state’s electricity coming from renewable sources by 2030 and the installation of 6,000 megawatts of distributed solar by 2025.
“Community solar projects like those being announced today will bring affordable, clean renewable energy to local residents and businesses at a time when many families are facing difficult financial demands as a result of the ongoing public health crisis,” stated Alicia Barton, President, and CEO, NYSERDA.
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. Residents and businesses who subscribe to the solar projects will have a portion of the system’s production allocated to their electric account, which will provide them with a discount to their monthly electricity costs.
Founded in 2014, C2 Energy Capital manages capital on behalf of leading investors and is a Registered Investment Adviser.
— Solar Builder magazine