RIC Energy, a global renewable energy developer, recently finalized the sale of seven community solar projects in upstate New York to Radial Power, an influential player in distributed energy solutions. This strategic move underscores the growing momentum in the solar energy market.
Community Solar Expansion
The photovoltaic plants, boasting a collective capacity of 34 MW, are strategically dispersed throughout upstate New York. These projects are poised to deliver clean energy to over 8,000 homes enrolled in local utility community solar programs. The total investment for these initiatives exceeds $85 million.
RIC Energy’s Ascending Portfolio
In recent months, RIC Energy has significantly bolstered its presence in New York’s renewable energy sector. With the sale of 13 photovoltaic plants totaling 70 MW, RIC Energy solidifies its position as a key player in the upstate area. The company’s overall portfolio in the US now exceeds 2,000 MW.
Commitment to Sustainability
Jonathan Rappe, CEO of RIC Energy North America, expressed enthusiasm about the positive impact of these projects on upstate communities. He emphasized the collaborative efforts between RIC Energy and Radial Power in delivering sustainable energy solutions and economic benefits to the region.
Driving Renewable Energy Innovation
José Luis Moya, Global CEO of RIC Energy, highlighted the company’s diverse renewable energy initiatives across multiple states. This strategic expansion aligns with RIC Energy’s commitment to geographical diversity and technological innovation, establishing its position as a leading independent power producer in the US market.
As the renewable energy landscape evolves, partnerships like the one between RIC Energy and Radial Power demonstrate a shared commitment to advancing sustainable energy solutions. With a global footprint and a robust portfolio, RIC Energy continues to lead the charge towards a cleaner, greener future.
Source：businesswire.com
