Aspen Power, a leading distributed generation platform building the clean energy future, announced the acquisition of the first five projects in a community solar portfolio from Cipriani Energy Group spanning New York and Illinois. The initial projects, totaling 19.9 megawatts direct current (MWdc) and located in New York’s North Country and Capital District, are expected to begin construction in the coming months, with an additional six projects expected to close later this year, bringing the total portfolio capacity to just over 51 MWdc.
Once operational, the first five projects are expected to generate nearly 29 million kilowatt-hours of electricity in their first year, equivalent to the annual electricity use of approximately hundreds of homes. The projects will participate in New York’s Value of Distributed Energy Resources (VDER) program, enabling subscribers to receive a discount on their utility bills while supporting grid reliability and local clean energy generation.
“Community solar remains one of the most effective tools for expanding access to clean energy while helping customers manage rising energy costs,” said Dan Gulick, Executive Vice President, Community Solar and Asset Acquisition at Aspen Power. “These projects reflect the type of disciplined development and market fundamentals we look for as we continue to scale our community solar portfolio across key states.”
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“We’re pleased to partner with Aspen Power on this portfolio and move these projects into construction,” said Juan Urquidi, Co-CEO of Cipriani Energy Group. “Our focus is on developing and constructing reliable, high-quality community solar projects in markets where they can deliver real long-term value for subscribers, utilities, and host communities. Aspen Power’s experience and long-term ownership approach make them a strong partner as these projects advance.”
This transaction builds on Cipriani Energy Group’s development and construction expertise and Aspen Power’s operational and financial capabilities, supporting the expansion of community solar across New York and Illinois while delivering long-term economic and environmental benefits to local communities.
SOURCE: Aspen Power
