New Energy Equity and CleanChoice Energy Close 6.8 MW New York Community Solar Garden
Dec 1, 2021
ANNAPOLIS, MD., December 1, 2021 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, announced today the financial close of a 6.8MW system with CleanChoice Energy (“CleanChoice”), a cleantech company that empowers people and businesses to access climate solutions. CleanChoice and New Energy entered into a joint development agreement in 2020; the first priority of which is a portfolio of projects in western New York. The McCormick Community Solar Garden, located in the Village and Town of Andover, marks the first closing in this growing portfolio. Construction on the project will begin in 2022.
“CleanChoice has an excellent track record as a New York developer, as well as a leading subscription aggregator. New Energy Equity is thrilled to partner with them in developing this solar garden for the Village of Andover,” said New Energy’s President, Co-Founder, and CEO, Matt Hankey. “We look forward to having a long and successful relationship with CleanChoice and working together to bring great solar projects to New York communities.”
The McCormick Community Solar Garden is situated in a floodplain and requires special flood sensing technology to stow the panels horizontally in the event of a 100-year flood. The energy generated by the solar garden will provide local subscribers the opportunity to utilize clean solar energy while decreasing their energy costs.
“Community solar is critical to expanding access to clean energy–and we’re thrilled to be working with New Energy Equity to deliver the benefits of solar to the community,” said Tom Matzzie, CEO and Founder of CleanChoice Energy. “CleanChoice is dedicated to making the switch to clean energy easier for everyone. The McCormick Community Solar Garden is a great step towards that goal.”
With a strong pipeline of solar projects, this project is the first of many to be developed throughout New York state through the New Energy and CleanChoice Energy partnership.
About New Energy Equity
Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 250MW of solar projects since 2013. The company was ranked as the 7th Top Solar Developer and the 8th Top Solar Contractor on Solar Power World’s “2021 Top Solar Contractors” list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine in 2020. To learn more, visit www.newenergyequity.com.
About CleanChoice Energy
CleanChoice Energy is a cleantech company that empowers people and businesses to easily access climate solutions. CleanChoice uses data-empowered technology to offer consumers easy, impactful climate solutions so they can cut emissions, support renewable energy and live cleaner lives. Founded in 2012, CleanChoice has become one of the fastest-growing businesses in America, as ranked on the Inc 5000 and Deloitte’s Technology Fast 500™. CleanChoice Energy is a Certified B Corporation and is certified with the highest available rating by Green America’s Green Business Network. For more information or to become a clean energy customer, visit CleanChoiceEnergy.com.