United Renewable Energy and New Energy Equity have Built 4.3 MW of Community Solar Gardens in Minnesota

United Renewable Energy® (URE)®, a national EPC supplier, collaborated with their development partner, New Energy Equity (New Energy), to introduce three more community solar gardens to Minnesota's solar development portfolio. The three sites, totaling more than 4.3 MW DC and based in North Branch, Lindstrom, and Cokato, are estimated to generate 5,980 MWh of renewable energy in their first year. This amount of renewable energy is enough to fuel nearly 600 average homes and will be available for subscription to local businesses and school districts.

Subscribers can collect utility bill credits for the electricity generated by the gardens, allowing them to take advantage of solar energy without having to buy, maintain, or install solar panels on their property.

In Minnesota, New Energy Equity has built over 130 projects totaling more than 160 MW. United Renewable Energy has built more than 40 MW of projects in Minnesota as part of their alliance with New Energy Equity.

URE was in charge of the engineering, procurement, and maintenance of these projects. "We are committed to delivering the best, highest-quality, and least-expensive solar and energy storage installations possible. This portfolio of ventures with New Energy Equity is an excellent example of a fruitful collaboration that brings ongoing benefits to host communities and subscribers," said Keith Herbs, Executive Vice President of URE. In addition, Kenyon Energy, a leading developer, owner, and operator of solar energy projects in the United States will provide long-term funding for the projects.

The three community solar gardens were built by New Energy Equity. "We are proud to be a leading developer in Minnesota's continuing transition of its energy grid toward cleaner and more cost-effective energy, assisting the State and our solar garden customers in achieving their respective sustainability goals," says Matthew Hankey, President, and CEO of New Energy Equity.

In addition to these three successful ventures, the URE and New Energy teams have partnered on a pipeline of additional MN Community Solar Gardens that will be built in 2021 and 2022, creating additional construction jobs and providing low-cost, renewable energy for the region.

About United Renewable Energy

United Renewable Energy® (URE®) is an engineering, procurement, and construction firm that specializes in the development of utility-scale photovoltaic plants and energy storage systems. In Solar Power World's "2019 Top Solar Contractors" ranking, URE was listed as one of the top 15 utility-scale EPCs. URE is committed to the innovative design and implementation of solar energy systems and energy storage projects of the highest standard, efficiency, and safety

About New Energy Equity

New Energy Equity, headquartered in Annapolis, Maryland, was established in 2013 and develops and funds solar power generation assets that provide renewable electricity to private, retail, public, and utility customers through long-term contracts. Since 2013, New Energy Equity has successfully built over 250MW of solar projects. On Solar Power World's "2019 Top Solar Contractors" list, the firm was ranked sixth, and Inc. Magazine named it one of the fastest-growing energy firms in D.C., Maryland, and Virginia in 2020.

About Kenyon Energy

Kenyon Energy is a leading US financier, owner, and developer of solar energy ventures. Kenyon Energy takes great pride in delivering outstanding customer service while creating cost-effective, turnkey, and innovative renewable energy technologies for a wide range of clients, including utilities, municipalities, schools and universities, federal and state government facilities, small and large manufacturing plants, and Fortune 500 companies.



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