Solar Alliance’s VC1 solar project in New York
Solar Alliance Energy, a commercial and utility solar contractor, has completed the construction and reached operations on its first two solar projects in New York.
VC1, a 298-kW project located in Cazenovia, and US1, a 389-kW project in Union Springs, have both received permission to operate and are now generating clean, renewable electricity under long-term power purchase agreements with the local communities.
“Solar Alliance is now the proud owner of two operating solar projects in New York as we wrapped up 2022 by achieving commercial operation on US1 and VC1,” said CEO Myke Clark. “These two projects represent proof-of-concept for our asset ownership strategy and represent a solid foundation to aggressively grow our portfolio of assets under ownership in 2023 and beyond.”
Solar Alliance recorded its largest quarterly revenue in company history during Q3, 2022, and has built a substantial backlog of contracted projects.
“The recently passed Inflation Reduction Act in the U.S. is driving increased investment opportunities for the projects Solar Alliance is developing and these New York projects are a prime example of the benefits of the legislation. Combined with the growing revenue stream from our installation division, the energizing of these projects is a key catalyst for the next stage in our growth,” concluded Clark.
