OYA Solar secures $35 million in construction and interconnection financing from the NY Green Bank

OYA Solar today announced that it has successfully closed a $35 million construction and interconnection financing from NY Green Bank, a state-sponsored, specialized financial entity and division of NYSERDA. The financing will support the construction of three Community Solar projects in New York state, the first of which, a 6.8 MWDC project in Constable, New York is already under construction. OYA expects the three projects to be placed in service early next year and they will be the first in a 100 MWDC portfolio that OYA intends to construct through the end of 2021. Together, the entire portfolio will provide 155 GWh annually, enough to power approximately 39,000 homes annually with clean energy, to a wide variety of local businesses, public sector agencies, affordable housing providers and residents.