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University of Rochester Partners with Amp Energy for Community Solar – pv magazine USA

The university has purchased 6 solar installations and 1 billion kWh over the next 25 years.

August 5, 2022

The University of Rochester has announced it is investing in community solar in upstate New York through a partnership with developer Amp Energy. The university said it will use the savings from its offsite solar contracts to fund future sustainability initiatives.

Six solar farms distributed across the state are expected to generate over 50 million kWh in the first year. The University of Rochester subscribes him to 1 billion kWh of production through a 25-year contract. This matches the energy needs of over 7,000 households annually, offsetting her 73,000 pounds of carbon dioxide in the atmosphere.

Under the agreement, the solar facility will supply power to the grid, and the utility company will award financial credits to solar participants in the community for the power supplied. The credit will be applied to the university’s energy bills, part of which will go to his Amp, the owner and operator. Universities receive up to 40% of the credits generated, with the rest subscribed by local homes and businesses.

Amp focuses on a long-term partnership model with landowners, towns and stakeholders. The project encourages local landowners to maximize or reuse their land, create local jobs, and promote biodiversity by planting pollinator-friendly seed mixtures to cover the plants below the array. is designed to maintain

Amp has announced that it will donate $100,000 to colleges in endowment scholarships for arts, science, and engineering undergraduates.

Nicholas Topping, Amp’s US Community Solar Director, said:

In January, Amp Energy announced that six project portfolios of 34 MW of community solar projects in New York State had achieved funding, and CIT announced its role as lead arranger for the $50.5 million investment. . CIT is a division of First Citizens Bank.

New York State has become a hotbed of community solar development in the United States, especially for Northeastern states with restricted land use. The Solar Energy Industries Association ranks the state her 11th.th It has a nationwide solar deployment and reports about 3.1 GW installed to date with $7.2 billion invested.

The state’s successful community solar market is due in part to supportive policies such as the NY Sun program. SEIA has led efforts to expand and enhance incentive values ​​for community solar projects beyond those originally proposed. According to SEIA, New York is projected to develop about 4.4GW of solar power over the next five years.

Amp was founded in 2009 and is headquartered in Toronto, Canada. To date, the company has developed or purchased over 6 GW of renewable energy.

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https://pv-magazine-usa.com/2022/08/05/university-of-rochester-partners-with-amp-energy-on-community-solar/ University of Rochester Partners with Amp Energy for Community Solar – pv magazine USA

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