Aspen Power Acquires New York Community Solar Projects - CleanTechnica

Aspen Power has acquired two community solar projects in upstate New York from CTEC Solar, marking the first phase of an 18-megawatt direct current (MWdc) portfolio. These projects, totaling nearly seven megawatts, are expected to generate close to 10 million kilowatt-hours of electricity annually, enough to power approximately 2,700 homes in the region. They will participate in New York’s Value of Distributed Energy Resources (VDER) program, which compensates renewable energy projects for grid benefits and offers subscribers discounts on utility rates. This acquisition comes amid rising electricity costs in upstate New York due to increased delivery revenues sought by utilities and recently approved rate plans. The partnership leverages CTEC Solar’s development expertise and Aspen Power’s operational and financial strengths to expand community solar capacity, delivering economic, environmental, and energy reliability benefits locally. Aspen Power emphasizes its commitment to advancing clean energy and supporting local jobs despite challenging policy environments. CTEC Solar highlights its role in providing