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.
News & Events
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.
On December 2, 2013, New Energy Equity opened its headquarters in Annapolis, Maryland. The company, a solar development and finance start-up, was founded by two entrepreneurs with experience in the solar, technology, finance and construction industries. “We chose Annapolis due to its central location in the Mid-Atlantic region where solar project installations are strong and the market is expanding,” said Ian Palmer, CEO. “Our proximity to Washington DC also gives us access to national policy discussions, industry associations, conferences, and industry leaders.”
On November 18-21, 2013, New Energy Equity attended the Yingli Solar Customer Appreciation Conference in Laguna Beach, California. The conference drew a diverse set of solar industry executives from throughout the world. New Energy Equity participated in this great event to learn more about the latest technology being introduced to the industry and new markets being pursued by solar industry leaders.
On November 16, 2013, New Energy Equity, a solar development and finance start-up, was founded by two entrepreneurs with experience in the solar, technology, finance and construction industries. “New Energy Equity is excited to bring a diverse set of expertise and experience to an industry that is growing so rapidly” said Ian Palmer, CEO. New Energy Equity will focus on the development and financing of commercial and small utility scale renewable energy projects throughout the United States.