OYA Solar gets $35 million construction and interconnection financing

By Devika Patel

Knoxville, Tenn., Sept. 23 – OYA Solar settled a $35 million construction and interconnection financing from NY Green Bank, according to a press release.

The financing will support the construction of three community solar projects in New York state, the first of which 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 about 39,000 homes with clean energy, to a wide variety of local businesses, public sector agencies, affordable housing providers and residents.

The solar energy company is based in New York.

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