SunEast Announces the Acquisition of Five Projects Totaling 105 MW-ac in Upstate New York
June 28, 2018 -- SunEast Development announced today the closing of the acquisition of a portfolio of five mid-stage solar development projects totaling 105 MW-ac of capacity located in upstate New York. SunEast originated the projects and has managed the development activities of the 5-project portfolio for the previous project owner since the first quarter of 2016.
The projects are located in the State of New York, in Herkimer, Oneida, Cayuga, and Onondaga Counties. To help New York achieve its Clean Energy Standard requirement that 50% of the State’s electricity come from renewable energy sources by 2030, the Projects are participating in the Renewable Energy Standard Request for Proposals contract solicitation process managed by the New York State Energy Research and Development Authority which is currently underway.
“The acquisition of this portfolio is the first step in our strategy to expand SunEast’s focus from a solar development service provider to a leading developer, owner and operator of utility-scale solar projects” said Tom Swank, President of SunEast. “We look forward to continuing to develop clean, affordable, renewable solar energy to benefit the State of New York and its residents”.
About SunEast Development LLC:
Founded in 2012, SunEast Development LLC is a privately-held clean energy development and management services company with offices in West Chester, PA and Old Saybrook, CT. SunEast and its affiliates, in partnership with recognized leaders in the energy industry, have managed the development of over 500 MWs of solar projects in ten states, including utility-scale projects currently in operation in Connecticut and Massachusetts. SunEast’s development partners include construction firms, major utilities, commodity trading firms and independent power producers. SunEast manages the full spectrum solar development process including strategic site assessment, land origination, project design, interconnection, permitting, offtake contracting, and site engineering for solar projects ranging from 2 MWs to 80 MWs in the New York ISO, ISO New England and the PJM Interconnection markets.
Please visit www.suneastdevelopment.com for more information.
SunEast Development LLC
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