OYA Renewablesa platform for energy transition solutions, says that it has received support City central bank (CNB), a wholly owned US subsidiary of Royal Bank of Canada, with a $27.1 million long-term loan.
In addition to this, OYA also received funding from Greenprint, the tax capital investor for four projects, when the projects reached a significant completion goal.
“As our community solar projects continue to grow significantly in New York State and beyond, CNB’s strong financial support allows us to focus our attention directly on the efficient and successful implementation of the project,” said Manish Nayar, President and Founder of OYA Renewables. .
CNB and Greenprint funds were used to complete the thermal conversion of four projects.
The 6.7 MW DC solar farm on Robinson Road in Jefferson County, NY is expected to produce approximately 10,490,000 kWh per year, equivalent to an estimated 7,400 tons of carbon dioxide and enough clean energy to power over 1,400 households annually.
The 6.8 MW DC solar farm along State Route 122 in Franklin County, NY is expected to produce approximately 10,330,000 kWh per year, equivalent to an estimated 7,300 tons of carbon dioxide and enough clean energy to power more than 1,400 households annually.
Located in Pulaski, Oswego County, NY, the 4.6 MW DC solar farm is expected to produce approximately 7,626,197 kWh per year, equivalent to an estimated 5,400 tons of carbon dioxide and generate enough clean energy to power more than 1,000 households annually.
Located at Wayside in Jefferson County, NY, the 6.7 MW DC solar farm is expected to generate approximately 10,647,000 kWh per year, equivalent to an estimated 7,500 tons of carbon dioxide and enough clean energy to power more than 1,400 households annually.
OYA has five other New York community solar projects expected to be ready for commercial use by mid-2023.
