Falck Renewables’ and Eni’s US partnership Novis Renewables has brought online 22MW of solar capacity in New York, following completion of several projects.
Novis Renewables’ North Eagle Village (Manlius), Green Lakes (Manlius), and Judd Rd (Whitestown) ground mounted plants each have an installed capacity of 7.5MW.
All projects have been conceived with a “strong community engagement approach”.
For the first 25 years of operation, revenues from the three projects will be generated and contracted via the VDER community solar programme, which allows commercial and residential subscribers to use bill credits generated by the project.
These bill credits are allocated towards subscribers’ electricity bill, typically lowering monthly electricity costs by around 10%.
In addition to revenue generated from the VDER program, North Eagle Village, Green Lakes, and Judd Rd will also receive cash incentives from two NYSERDA programmes (NY-Sun and Community Credit).
At the end of the 25-year VDER scheme, all projects will earn revenue via merchant sale of energy, capacity and Renewable Energy Certificates.