OYA Solar Sells Minnesota Community Solar Projects
FOR IMMEDIATE RELEASE
Toronto-based OYA Solar Inc. has closed on the sale of four Minnesota community solar projects totaling 28 MW DC with NRG Energy Inc.
The four projects are located in the counties of Benton, Blue Earth, Douglas and Yellow Medicine on approximately 180 acres of land.
Two of the projects have reached mechanical completion and are expected to be in placed in service in the near future; the other two projects are expected to be operational within 2018.
“We are proud to play a role in contributing to Xcel Energy achieving its goals under its Minnesota Community Solar Program and delivering utility bill savings to the businesses and residents of Minnesota,” says Manish Nayar, president of OYA Solar.
“We are also delighted to partner with NRG on this important transaction and look forward to extending our success in further U.S. markets.”
Founded in 2009, OYA Solar is a solar developer and investor. The company has developed a range of rooftop and ground-mount projects – including commercial, community solar and utility-scale – across North America.
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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