Largest Community Solar Portfolio in New York Now Shovel-ready

NEW YORK, July 10, 2018 /PRNewswire/ -- Distributed Sun (DSUN) and Emergya Wind Technologies (EWT) announced today the sale of SUN8 projects. The development portfolio of 75 MW represents the first phase of community solar projects developed by SUN8 with Phase-2 to follow in 2019.

DSUN – in partnership with EWT– began development of this community solar portfolio in late 2016.   Projects are planned to be constructed in 2018.  Creating over 800 jobs and millions of dollars in new tax revenue to schools and towns, DSUN and EWT are proud of SUN8's success within such a short period of time.

"This makes us the largest developer of fully ready-to-build community solar assets in NY since Governor Cuomo and state legislators authorized this visionary clean energy program for local communities," says Chase Weir, CEO of DSUN. "Combined with an additional 90 MW of distributed solar and wind production we plan to bring online next year, DSUN is excited to expand clean energy access to almost 30,000 New Yorkers within just two years."

Support from the New York State Energy & Research Authority, along with the NY Green Bank, has been essential to the rapid development progress of the SUN8 development portfolio. "We applaud the firm and bold commitments to climate protection and clean energy technologies from state officials," says Eric Holton, Head of Business Development for EWT in North America.  "Our partnership with Distributed Sun exceeded our expectations and together we look forward to contributing to energy choice, via both distributed wind and solar projects, in the United States and around the world."

"DSUN's combination of engineering talent, NY nexus, and capital markets expertise ensured SUN8 success.  While the solar tariff, tax law changes, and a new state regulatory climate caused many to postpone development, our team completed these projects," says Jeff Weiss, Chairman and Managing Director of DSUN.  "We are now directing these skills to build 500MW delivered in the next generation Energy-as-a-Service structures in the coming years."

To-date, DSUN has developed the largest number of seasoned, multi-MW solar operating assets within the NYSEG utility rate territory.  As its long-term commitment to New York's clean energy goals continues to grow, the Company expanded its offerings to include distributed wind with on-site and off-site energy storage and management solutions.

To-date, EWT has successfully developed and constructed community wind projects in the Netherlands and the UK, and is actively developing the largest portfolio in New York.  The Company is committed to providing its class-leading wind turbine technology and other energy solutions to help meet the state's clean energy goals.  EWT strongly believes that its partnership with DSUN will continue to drive distributed energy growth in New York and throughout the United States.

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SOURCE Distributed Sun