Catalyze, a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets, today announced the acquisition of 48 megawatts (MWdc) of fully developed community solar projects in New York from hep solar, a globally operating German solar development and investment group.
The portfolio consists of eight projects located within National Grid's Load Zone A in upstate New York. The projects are fully developed and nearing construction readiness, with commercial operation in 2026. Once online, the projects will contribute to New York's ambitious clean energy goals and deliver the benefits of community solar to local residents.
"These projects represent a significant step forward in our mission to expand access to renewable energy in New York," said Jared Haines, CEO of Catalyze. "Community solar empowers residents - including renters and those without access to rooftop solar - to participate in and benefit from the clean energy transition. We're excited to build on our momentum in New York and bring these impactful projects to life."
The eight projects acquired include:
- Ashville, NY - 2 projects totaling 11.78 MWdc
- Corfu, NY - 2 projects totaling 13.32 MWdc
- Brockport, NY - 5.96 MWdc
- Portland, NY - 2 projects totaling 10.41 MWdc
- Dunkirk, NY - 6.24 MWdc
All projects are expected to participate in NYSERDA's NY-Sun MW Block Program, which provides financial incentives for the development of solar projects across the state. Once operational, the portfolio will generate clean energy for thousands of residents, reducing energy costs while supporting energy equity and grid resilience.
"We're proud to contribute to New York's clean energy supply through our US project development. This transaction shows on the one hand the value created by hep solar and on the other hand ensures the successful delivery of these community solar projects by a strong and experienced partner like Catalyze," said Georg von Eichendorff Strachwitz, Executive Board Member of hep solar. "At hep solar, we're focused on developing and investing in renewable energy projects that create meaningful impact, and Catalyze shares that vision. We look forward to seeing these projects support local communities and contribute to New York's clean energy future."
This acquisition reinforces Catalyze's strategic growth in New York and its commitment to accelerating the deployment of community solar nationwide. An ongoing relationship with hep solar is under consideration as both companies explore future opportunities for collaboration.
About Catalyze
Catalyze is a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets. Catalyze is accelerating the clean energy transition through deployment of solar and storage assets across community solar, C&I, and public sector verticals. With proprietary technology, financial strength, and in-house expertise, Catalyze originates, acquires, builds, owns, and operates distributed renewable energy assets that help property owners, businesses, and communities unlock long-term value.
Catalyze delivers clean energy solutions that enable partners to optimize the performance of their real estate assets, enhance energy resilience, decarbonize operations, and achieve enterprise goals. Its proprietary technology, REenergyze®, streamlines the origination-to-operations process, driving the rapid deployment of renewable energy infrastructure.
To learn more, visit www.catalyze.com.
About hep solar
hep solar is a specialist for solar investments and the development of solar parks worldwide. The owner-managed family business from Germany develops, builds, operates and finances solar parks all over the world, but especially in Germany, Japan and North America. For over 15 years, hep solar has been combining know-how in the development and operational management of solar parks with a high level of expertise in the financial sector. The company covers the entire solar energy value chain: from project development and construction to long-term operation. Through international solar investments, hep solar offers European investors the opportunity to participate in the global expansion of solar energy. hep solar employs more than 200 people worldwide with offices in Germany, Japan, the USA and Canada. Hep solar's US office is located in Huntersville (NC) with more than 50 employees.
To learn more, visit www.hep.global.com.
Contacts
Carlos Villacis
Antenna Group for Catalyze
Catalyze@Antennagroup.com
