Aspen Power Acquires New York Community Solar Projects
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Aspen Power has acquired two community solar projects in upstate New York from CTEC Solar, totaling nearly seven megawatts. These projects are expected to generate around 10 million kilowatt-hours of electricity in their first year, benefiting approximately 2,700 homes. They will participate in New York's Value of Distributed Energy Resources program, which offers compensation for renewable energy contributions. The acquisition aims to enhance local energy production and support the state's clean energy goals, despite rising electricity costs in the region.
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