Dynamic Solar was one of the lucky 16 recipients of the $30 million New York (NY)-Sun award on Wednesday.
The purpose of the NY-Sun program is to help businesses and other organizations get electricity from solar energy sources.
The award will allow Dynamic Solar to finance photovoltaic (PV) commercial and industrial projects across New York City and the lower Hudson Valley area. The funding will also help Dynamic Solar to get projects onto the grid by 2013.
“These awards will help large commercial and industrial businesses to invest in solar power, stimulating economic development while helping reduce use of fossil fuels and greenhouse gases emissions,” said New York Governor Andrew M. Cuomo in a statement.
“Through the NY-Sun program, the state continues to be a leader in the development of solar energy and making solar power a more attractive option for businesses. These investments will help create green jobs, while protecting the environment and leading to a more sustainable future for our state.”
“Developing renewable energy resources is a primary goal of the Commission. Programs that encourage and strengthen renewable resources will help ensure a cleaner environment, ” said Garry Brown, Chairman of the New York State Public Service Commission.
The New York Energy Research & Development Authority (NYSERDA) supports the NY-Sun fund.
Some examples of projects under this program may include projects at universities, colleges, schools, manufacturing facilities, department stores, and apartments.
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.