January 20, 2022
Cordelio Power Expands Into New York Market with SunEast Transaction
Cordelio Power is pleased to announce the acquisition of a 900 MWAC pipeline of utility-scale solar projects from SunEast Renewables LLC (together with its affiliates, "SunEast"). The projects are located primarily in New York, including over 600 MWAC of projects fully contracted under 20-year agreements with the New York State Energy Research Authority (NYSERDA). The remainder of the portfolio is comprised of early-stage projects located in New York and Pennsylvania. Cordelio expects the projects to be placed into service beginning in 2023.
In connection with the acquisition, SunEast has entered into an agreement to work with Cordelio on an exclusive basis to complete the development of the acquired projects and to develop new renewable power projects in New York and other eastern US markets.
March 13, 2020
Governor Cuomo Announces Details for 21 Large-scale Renewable Energy Projects to Deliver Clean, Affordable Energy to New Yorkers
Governor Andrew M. Cuomo today unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects across upstate New York, totaling 1,278 megawatts of new renewable capacity. These projects, which New York Energy Research and Development Authority and other State and local agencies will ensure are sited and developed responsibly, will spur over $2.5 billion in direct, private investments toward their development, construction and operation and create over 2,000 short-term and long-term jobs. The awards accelerate New York's progress towards Governor Cuomo's Green New Deal goal to obtain 70 percent of the state's electricity from renewable sources by 2030, as codified by the Climate Leadership and Community Protection Act, and supports the State mandate for a 100 percent carbon-free electricity sector by 2040.
January 18, 2019
NYSERDA Announces Details for $1.5 Billion for 20 Large-Scale Renewable Energy Projects to Combat Climate Change and Grow New York's Clean Energy Economy
The New York State Energy Research and Development Authority (NYSERDA) today unveiled the details of the $1.5 billion in competitive awards, first announced by Governor Andrew M. Cuomo as part of his 2019 State of the State address, to support 20 large-scale solar, wind energy and storage projects across New York. SunEast Development received awards for five large-scale solar projects.
June 28, 2018
SunEast Announces the Acquisition of Five Projects Totaling 105 MW-ac in Upstate New York
SunEast Development announced 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.
November 12, 2018
SunEast Closes Development Capital Investment from New Energy Capital
SunEast Development announced the closing of a development capital raise from New Energy Capital Partners, LLC. The capital funding will support the continued development of a 105 MW-ac solar portfolio acquired by SunEast in June 2018, and further accelerate the company's solar development and acquisition efforts in the eastern United States.