Y Energy and Acadia Energy Partner Up To Build First of Several Projects in the Northeast U.S.
Y Energy is proud to announce closing of an agreement to purchase Highway 233 Solar LLC and co-develop a 2.74MW community solar field together with Acadia Energy Corp. in the Town of Westmoreland, NY. Construction will start in early 2022. The project and the SPE will be placed with one of Y Energy's investors.
Acadia Energy Corp has done preliminary work on the development of this project, which is one of the few remaining projects that will operate under the old Net Metering CDG program in National Grid utility territory.
This project is our first joint development project with Acadia Energy. Y Energy currently has an additional 34MW of identified capacity jointly planned to be under development throughout 2022. In addition, we look forward to the development of up to 400MW with Acadia in 2023 and 2024.