OYA Solar Reaches 12% Penetration In The New York Community Solar Market With Omni Navitas Agreement
FOR IMMEDIATE RELEASE
New York: 22 June 2021 – OYA Solar is pleased to announce the closing of an exclusive co-development agreement with Omni Navitas to develop, construct, and own 600 MW of community solar projects across the Northeast United States. The agreement adds a substantial number of sites to OYA’s existing 2 GW community solar and utility-scale pipeline across North America.
OYA and Omni expect to build the first 240 MW of projects under the arrangement in New York over the next 24 months and to become one of the largest community solar owners in the Northeast United States. OYA expects to have 100 MW in construction this year from its existing New York pipeline, which would represent approximately 30% of the Community Solar Projects constructed in the State in 2020.
“This co-development agreement accelerates our progress toward providing widespread access to the benefits of community solar across the Northeast United States,” says Manish Nayar, the CEO and Founder of OYA Solar. “We bring experience and a long track record of working through the complexities of moving solar projects through construction and operation and with 12%+ of the state-wide community solar pipeline in our portfolio, this relationship in no small way supports the State’s goal of carbon neutrality by 2050 and environmental justice for all.”
“We bring experience and a long track record of working through the complexities of moving solar projects through construction and operation and with 12%+ of the state-wide community solar pipeline in our portfolio, this relationship in no small way supports the State’s goal of carbon neutrality by 2050 and environmental justice for all.”
“Omni is excited to embark on this enterprise with OYA and to employ its experience in leasing, permitting, interconnection analysis, environmental review, and other due diligence leading to the construction phase of solar projects,” says Suki Singh, President and CEO of Omni. “OYA is a dynamic company with a realizable vision to vastly expand renewable energy projects across the US and beyond and Omni is delighted to be working with them to achieve the mission of reducing carbon emissions and combatting climate change.”
Not limiting their relationship to New York, OYA and OMNI expect to further collaborate on portfolios in Massachusetts and New York, the Mid-Atlantic states of Virginia and Pennsylvania, and as far south as New Mexico, all of which align with OYA’s commitment to environmental justice. Notably, New Mexico, Pennsylvania, and Virginia are proving to be strong emerging community solar markets, fueled in part by policies that prioritize expanded access to the benefits of solar energy to everyone.
About OYA Renewables
OYA Renewables is a North American full-service solar developer and independent power producer. Its projects provide clean energy and widespread economic and environmental benefits for landowners, communities, and energy customers. It is committed to developing and operating solar projects, with a particular focus on community solar, that incentivize the participation of low-to-moderate income households. Founded in 2009, OYA is the first North American solar platform to have been certified as a diverse supplier and minority business enterprise. We have successfully monetized in excess of 1,400 MWDC of distributed and utility-scale solar projects across North America and our current development pipeline exceeds 3 GWDC. For more information, please visit www.oyarenewables.com.
Media Contact
Janet Janzen
Marketing Manager
(416) 840-3358 x 131
media@oyasolar.com
EXPLORE FURTHER
OYA Solar Starts Construction On Five Community Solar Projects In New York State
Located across the State, the five projects: Pulaski, Main Street, Robinson Road, Church A, and Wayside Drive support broad consumer access to solar-powered electricity generation through the NYSERDA VDER program.
OYA Solar Partners with Wunder Capital to Finance New York Community Solar Projects
OYA Solar NY, L.P. has teamed with Wunder Capital to take advantage of Wunder’s new financing for development and construction activities for a portfolio of 10 projects located throughout upstate New York.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.