Aspen Power Acquires Commercial Solar Portfolio Spanning New York and Pennsylvania

Eight sites from Solar Site Developers total 41 megawatts of capacity

NEW YORK, APRIL 1, 2024 Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has acquired eight ground-mounted solar projects in Pennsylvania and New York State from Solar Site Developers. These sites, totaling more than 41 megawatts of direct current (MWdc) projects.

The projects have been acquired by Aspen Power from Solar Site Developers who will co-develop them with Aspen Power. They are currently in the engineering design stage, with construction expected to begin in the coming months. The Pennsylvania projects will be net-metered under Pennsylvania’s Alternative Energy Portfolio Standard Act, while the New York projects will provide bill credits to utility customers via the Value of Distributed Energy Resources (VDER) program.

“We’re proud to advance decarbonization together with the team at Solar Site Developers, who have been committed partners in the preliminary stages of bringing these projects to life,” said Dan Gulick, Senior Vice President, Community Solar, Aspen Power. “Building on Aspen Power’s portfolios in the Keystone state as well as our home state of New York is a key element of achieving our goal of gigawatt-scale in the coming years,” he added.

Aspen Power often works with early-stage developers to bring more clean, renewable energy online while providing a source of recurring revenues to landowners. Our development partners benefit from reliable project funding, streamlined implementation, and access to a broader pool of resources.

Meanwhile, hosting solar projects enables property owners to use their land or rooftops for renewable energy generation and receive regular payments. These types of projects also support the country’s renewable energy goals by increasing renewable energy production, promoting clean energy jobs and reducing greenhouse gas emissions.

About Aspen Power

Aspen Power is a distributed energy generation platform with the dual mission of accelerating and democratizing decarbonization. We partner with businesses, communities, and others in the industry to develop, construct, and operate renewable energy assets. Our experienced team is passionate about solving our clients’ energy challenges to deliver a sustainable future throughout the U.S.

About Solar Site Developers

Solar Site Developers sources, acquires and co-develops properties for community and utility solar development for developer clients in PA, MD, MA, NY, VA, IL and MI. The company currently controls over 1,000 acres in MI, VA and NY that has the potential development of 175MW.