Cornell University boosts solar capacity

A 2 MW solar array on 11 acres of Cornell property in the Town of Lansing, New York, US has been financed by sources including sponsor equity from Building Energy Holding USA and a tax equity investment managed by Sol Systems.

The University’s Snyder Road Solar Farm, comprises 6778 panels that total 2.067 MW (DC) or 1.76 MW (AC), and will produce 2,388,357 kWh in year one.

Building Energy was the developer and sponsor of the project while the transaction marks Sol Systems’ ongoing initiative to bring new sources of tax equity to the solar asset class and streamline financing to grow this sector.

‘If not done right, placing tax equity into one-off sub-5 MW deals can be challenging given transaction costs for these smaller deals,’ explained Yuri Horwitz, CEO of Sol Systems.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...