OYA Solar and Crauderueff & Associates Partner to Provide Community Solar + Storage to Low-Income Communities in New York
FOR IMMEDIATE RELEASE
New York: 7 May 2019: OYA Solar, a North American turnkey solar developer, and Crauderueff & Associates, a New York affordable solar developer, have signed a joint venture to originate and develop 200 solar + storage community solar projects in New York City on the rooftops of affordable housing properties and low-income communities across the city. The partnership aims to advance the significant rooftop solar opportunity for the more than 2500 regulated affordable housing buildings in New York City, solarize low-income communities, and reduce energy costs for thousands of low-and-moderate income (LMI) New York City households. Community solar subscribers can save up to 10% on the cost of electric power.
“We’re committed to helping New York tackle climate change while reducing energy costs with community solar for those who need it most. New York is a leader in developing innovative policies to help realize the goals of an equitable clean energy future,” said Manish Nayar, Founder and CEO of OYA Solar. “OYA Solar looks forward to working with Crauderueff & Associates to bring affordable solar power to thousands of New Yorkers.”
“Solar can help preserve New York City’s affordable housing stock and reduce electric costs for our city’s low-income residents. Now is the time to turn this potential to action—we can’t afford to wait. We’re excited to work with OYA Solar to help make New York’s energy system cleaner, more diverse, and more equitable,” said Rob Crauderueff, CEO of Crauderueff and Associates.
Researchers at City University of New York (CUNY) have found that two-thirds of all New York City rooftops are suitable for solar and, if harnessed, could generate 5,847 megawatts–enough energy to meet approximately half New York’s peak electricity demand. Community solar + storage farms can be the solar solution that helps maximize that solar opportunity. Solar energy produced at the joint venture’s community solar + storage farms will be sold at a discount to LMI households.
Crauderueff is a New York-based solar developer and owner’s representative for affordable housing and low-income communities. Founded in 2013, Crauderueff ensures its projects achieve deep and sustained impact for property owners and low-income communities.
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.
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