New Energy Equity Commits Financing for NY - Sun Solar PV Incentive Program

05/01/2014

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.

Under NYSERDA’s program, host customers, developers and construction companies submit applications for consideration under PON 2112 for small and medium sized solar projects and the soon to be released Solar PV Competitive Solicitation for large installations. PON 2112 provides cash incentives for new grid connected solar projects up to 200kW DC. The program is currently set to continue through December 31, 2015. The Solar PV Competitive Solicitation is due to be released in July of 2014. New Energy Equity will provide investment and financing resources through Power Purchase Agreements (PPAs) for projects that have submitted or plan to submit applications for project funding.

Interested developers, project owners, hosts, and construction companies (EPCs) should contact the Company at info@newenergyequity.com for further information.

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New Energy Equity specializes in the financing and development of commercial and small utility renewable energy projects. The company focuses on transactions within the United States ranging from 200kW to 5MW. New Energy Equity works with investors, both public and private, to provide dependable financing resources for the development and completion of end-to-end renewable energy transactions.

New Energy has the resources, expertise and experience to handle all aspects of development, construction and long-term asset management. The company brings together more than 50 years of experience developing projects in the solar, telecom, corporate finance and construction industries.

For more information please visit New Energy Equity’s website at www.newenergyequity.com.  To stay up-to-date on current news, follow New Energy Equity on Twitter and LinkedIn