Private rooftop PV complex of 3.8 MW to be built in Manhattan
Stuyvesant Town–Peter Cooper Village. Photo by: Ivanhoe Cambridge.
The largest private multi-family rooftop solar complex at residential properties, with a Direct Current (DC) capacity of 3.8 MW, will be installed in Manhattan, New York City’s most densely populated borough.
The project is proposed by funds managed by US investor Blackstone (NYSE:BX) and real estate company Ivanhoe Cambridge, a subsidiary of Canadian institutional investor Caisse de depot et placement du Quebec (CDPQ). According to a statement from Ivanhoe Cambridge, property management firm StuyTown Property Services (SPS) will manage the scheme, while New York-based Onyx Renewable Partners will act as project developer for the installation.
Work on the rooftop photovoltaic (PV) complex is slated to start this winter and be completed in 2019. The plan calls for the installation of 9,671 solar panels within the Stuyvesant Town Peter Cooper Village residential development owned by StuyTown. The equipment is anticipated to produce enough electricity for over 1,000 New York City apartments and save 63,000 tonnes of carbon dioxide (CO2) emissions per year.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.