San Mateo, Calif. – January 15, 2009 – Tioga Energy, a leading supplier of renewable energy services to commercial, government, and non-profit institutions, today announced it has been selected by the New York State Energy Research and Development Authority (NYSERDA) to receive part of $10 million of American Recovery and Reinvestment Act (ARRA) funds for solar development in the state. Tioga will receive an incentive to apply to 660 kW of solar energy projects throughout New York State.
This announcement follows New York Governor David Paterson’s expansion of the state’s Renewable Portfolio Standard (RPS), enacting a goal of reaching 45 percent renewable electricity used by the year 2015 through both renewable energy and energy efficiency measures. Tioga Energy was one of seven companies competitively selected to help the state reach this goal and will do so by installing solar photovoltaic systems (PV) on businesses and institutions throughout New York State.
“Solar PPAs have been instrumental in helping states like California develop solar projects and this program will help New York businesses benefit from solar power without incurring the high-up front costs and operational challenges associated with large-scale solar power development,” said Paul Detering, CEO of Tioga Energy. “This award will enable Tioga to bring this important solar financing tool to New York and help advance solar energy in the state.”
This awarded project follows Tioga’s announcement earlier this month to develop, install, own and operate 3.2 MW of solar power systems in Morris County, New Jersey on 19 County school buildings and government facilities.
“These two prominent projects in New York and New Jersey demonstrate Tioga’s strength in partnering with companies, municipalities and governments in a range of locations and policy environments to provide end-to-end solar solutions,” Detering added.
For additional information on the NYSERDA Award, visit: http://www.nyserda.org/Press_Releases/2010/PressReleas20100114.asp
About Tioga Energy:
Tioga Energy enables commercial, government and non-profit organizations to reduce their energy costs while lowering carbon emissions. Through the SurePath™SM solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information call 877.333.9787 or fill out our Contact Form.
