Aggreko’s Energy Transition Solutions (Aggreko ETS) has finalized the acquisition of nine community solar projects in New York, marking a significant milestone for the company’s renewable energy endeavors. The collective generating capacity of these projects is estimated to reach 59 MW upon completion, contributing substantially to the region’s sustainable energy infrastructure.

The first of these developments, a 5.9 MW project located in Vernon, has already been successfully integrated into the grid, showcasing the company’s commitment to timely execution and operational efficiency. Over the next year, Aggreko ETS will oversee the comprehensive construction and grid connectivity of the remaining projects, ensuring their smooth transition to commercial viability.

This acquisition is a testament to Aggreko ETS’s adeptness in structuring and executing complex asset acquisitions, firmly establishing its position as a leading renewable energy developer, owner, and operator. Prashanth Prakash, Aggreko ETS’s Chief Commercial Officer, expresses enthusiasm about the transaction, emphasizing how it underscores the company’s expertise in scaling its renewable energy business.

Moreover, Jerry Polacek, President of Aggreko ETS, highlights the strategic significance of these acquisitions in advancing the company’s community solar segment. Notably, this move aligns with Aggreko ETS’s broader vision of fostering sustainable energy solutions and expanding its renewable portfolio not only in New York but also across numerous other states.

Aggreko’s dynamic expansion into the community solar sector in New York showcases its commitment to sustainable energy and its continuous efforts to play a vital role in shaping the future of renewable power generation.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.