Interlake Solar, a 2.9 MW solar PV project, is located in Ithaca, New York, has been commercially operational since summer 2016. The project will serve Ithaca College and will generate enough energy to meet roughly 10 percent of campus’s annual energy needs.
Through a highly competitive application process, OneEnergy was awarded a $1.6 million grant through the NYSERDA NY-Sun program for Interlake, increasing the compelling economic metrics of this project.
Because a project of this size would have been physically impossible within the confines of the campus, the project is remotely located 40 miles from campus on 15 acres of land in Ontario County. Developing this project at an offsite location not only allowed the project to come to fruition, it also facilitates the delivery of significant energy generation while reaping low development costs and maximum savings.
The Interlake project is financed through a 25-year power purchase agreement and will capitalize on New York’s remote net metering program. Greenwood Energy financed and owns the completed project; Borrego Solar co-developed the project and maintains the completed facility.