New Energy Equity completed the 1,376 kWdc community solar garden located in St. Cloud, MN and is thrilled to continue expanding its reach throughout the state of Minnesota. In the Midwest region of the United States alone, New Energy Equity has completed more than 150 projects, summing up to more than 185 MW. The success of this project is a direct result of our valued partners: Impact Power Solutions, Cargill Incorporated, City of Minnetonka, Gordian Energy Systems and EMS.
New Energy Equity provided the upfront development financing and oversaw the installation of the solar array, allowing the city to pay no upfront costs on the project. New Energy Equity will continue to work with the City of Minnetonka, Cargill Incorporated and other local organizations across the state to promote the use of clean renewable energy. This project is expected to offset around 2,000 Megawatt-hours per year, roughly equivalent to the annual energy usage of 160 households.
Matthew Hankey, CEO and President, New Energy Equity said: “Community Solar Gardens allow local organizations the opportunity to benefit from all that solar energy has to offer, including saving money on their utility bills, without having to take on the upfront costs of installation or host the project on-site. The success of this solar garden will hopefully inspire surrounding municipalities and businesses in Minnesota to get involved and subscribe to similar solar projects.”
