By: greenbank On: February 01, 2017 In: Comments: 0

Building Energy Holding US LLC (as sponsor), and Distributed Sun, partnered to develop, finance, build, and operate four solar energy systems (Snyder Road, Harford, Musgrave East, and Musgrave West) located in and around Ithaca, NY. NYGB provided a term loan of US$10.5 million in connection with these developments. Each project
provides up to 2.0 MW (AC) of installed capacity and has a separate 20-year PPA with Cornell University. Snyder Road commenced operations in 2014, and the other three projects began operations in 2016. Each project is owned through an inverted lease tax equity structure with Building Energy Holding US and Distributed Sun as the owners and the tax equity investor providing private capital.

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