shine on
Houston renewable energy developer continues growth in New York with 10 new solar projects
With $100 million in fresh funding, Houston-based Catalyze has announced 10 new solar development projects in New York. Photo via Getty Images
A Houston renewable energy developer has announced 10 new projects in partnership with a New York company.
Catalyze selected GreenSpark Solar — an engineering, procurement, and construction company — to work on 10 new renewable energy projects totaling 60 megawatts.
“We’re excited to expand our solar portfolio through this partnership with GreenSpark, which has been a leader in the New York renewable energy landscape for over two decades now,” Jared Haines, CEO of Catalyze, says in a news release. “We look forward to sharing our mutual expertise to provide New Yorkers with affordable and reliable renewable electricity, regardless of geography or income.”
The projects, which are expected to deliver this year through mid 2025, will be funded in part by the New York State Energy Research and Development Authority through the NY-Sun Program. The state has a goal of installing 10 gigawatts of distributed solar and reaching 70 percent renewable energy by 2030, per the release.
“Community solar is one of the best avenues to bring the energy transition to low-middle income communities—a movement that GreenSpark is incredibly passionate about,” adds Kevin Schulte, CEO of GreenSpark Solar. “We are excited to support Catalyze’s success in bringing community solar projects online across New York and look forward to supporting them to bring this portfolio of solar projects to fruition, and in turn, bring more renewable energy to our communities.”
The deal follows Catalyze's May announcement that it secured $100 million in financing from NY Green Bank to support a 79 megawatt portfolio of community distributed generation solar projects across the state of New York.
Catalyze also announced another partnership earlier this month with real estate leader Cushman & Wakefield to expand installation of solar panels and battery storage technology at U.S. commercial and industrial properties.