Radial Power acquires 22.3 MW of community solar projects in New York

Radial Power is positioning itself as a major player in New York’s power transition by acquiring these community solar projects from Galehead Development. These plants, with a total of 22.3 MW, are part of the VDER program, which aims to promote distributed energy resources. This transaction demonstrates both companies’ commitment to New York State’s clean energy goals.
Galehead worked with local communities and the National Grid to obtain the necessary permits and deliver lasting economic benefits to consumers, communities and local resources. Radial Power will now lead the development and final construction of these projects, consolidating its role in the renewable energy sector.

Strategic cooperation for clean energy

Galehead continues to manage the land assets for 14 MW of the portfolio through Century LandCo. A framework agreement between Galehead and Radial Power also provides for an additional 18.3 MW of community solar capacity to be closed in VDER by the end of the year.
Matt Marino, CEO of Galehead, said: “This transaction demonstrates our shared commitment to providing real estate and development financing solutions to meet ambitious renewable energy goals. We are delighted to be collaborating with Radial Power to successfully commercialize this package. »
John Bates, CEO of Radial Power, said: “Radial Power is proud to contribute to New York’s energy transition with this portfolio of reliable, zero-emissions solar projects. This collaboration with Galehead represents our commitment to providing clean energy solutions to our customers, supporting renewable targets and helping to decarbonise our environment. »

Galehead Development: a pioneer in renewable development

Galehead Development identifies itself as an upstream development platform, specializing in the planning, management and delivery of renewable resources and low carbon infrastructure. Through its proprietary LandCommand® software, Galehead effectively reduces project development risks, costs and time. Since 2016, Galehead has developed and financed 7 GW of solar, wind and storage projects, and continues to to develop new green projects with the network of partners in the United States.
This acquisition by Radial Power strengthens its position in the renewable energy market and contributes significantly to achieving New York’s energy goals.