Annapolis, MD – New Energy Equity completed construction on a privately funded solar project near Kona, Hawaii. The system was installed on several adjacent buildings at the exclusive owner occupied Mauna Lani Terrace condominium complex on the Northwest Coast of the Big Island. The project will offset approximately 75% of each building’s electricity usage, including the main office building.
News & Events
Annapolis, MD – New Energy Equity completed construction on a privately funded solar project in Maui, Hawaii. The installation was placed atop a high-end, prominent condominium complex near Napili Point Bay and is the first phase of a two phase project at the condominium complex. The second phase is scheduled for completion in the third quarter of 2015. The electricity will be purchased by the Association of Apartment Owners (AOAO) under a twenty year Power Purchase Agreement and a net metering agreement with the utility.
Annapolis, MD – Lindsey Gillis and Rocky Shoemaker joined New Energy Equity in the first quarter of 2015. Lindsey brings 10 years of project management experience working with the Department of Defense and federal agencies. Her government experience and portfolio spans mission critical and national security projects in the Middle East and Africa for customers such as the Special Operations Command and the State Department. Lindsey will carry her former project management role over to New Energy where she will act as program manager on all solar projects.
Annapolis, MD – The City of Ogdensburg, New Energy Equity, and RER Energy Group to start construction on a 1.1 megawatt solar project in April 2015.
Annapolis, MD – New Energy Equity announced the completion of eighteen solar projects within the past twelve months. The projects were completed for utilities, public schools, municipalities, and several commercial entities across the Midwest and Southeast areas of the United States. The total system size for all projects and transactions at New Energy Equity is 5.9 MW, which equates to offsetting more than seven metric tons of carbon dioxide equivalent emissions annually.
Annapolis, MD - New Energy Equity and RER Energy Group were recently awarded New York State Energy Research and Development Authority (NYSERDA) funding for three solar projects in New York totaling over 4MW of combined capacity.
The funding was awarded as part of NY-Sun, Governor Andrew M. Cuomo’s $1 billion initiative to advance the scale-up of solar and move the state closer to having a sustainable, self-sufficient solar industry.
New Energy Equity started construction on fifteen solar projects in the State of Minnesota during October. Clients of this initiative include numerous Minnesota public schools, municipalities and nonprofits. The projects are part of the Made in Minnesota (MiM) solar incentive program and will be completed in the fall of 2014.
New Energy Equity LLC announced today that the company has committed $8.0 million in investment financing for qualified projects that receive awards under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Solar PV Incentive Program and Competitive Solicitation Program for 2014 projects.
New Energy Equity LLC announced today that the company has committed $10 million investment financing for qualified projects that receive awards under the Georgia Power Advanced Solar Initiative (ASI) program for 2014. Under Georgia Power’s program, developers and construction companies submitted applications by April 4, 2014 for consideration under the Small and Medium Scale Programs. The Small Scale program is for projects up to 100 kilowatts while the Medium Scale program is for projects up to 1 megawatt in size.
New Energy Equity LLC announced today that the company will enter into twenty year Power Purchase Agreements (PPAs) based on the new Massachusetts SREC II program. The prior Massachusetts SREC I program was highly successful, and since the announcement of the new program, there has been uncertainty in the solar energy industry due to lack of program details and final pricing schedules. Those final details are due to be announced in late April.