Radial Power has acquired four community solar projects with a combined capacity of 22.3 megawatts (MW) from Galehead Development in New York.
New York’s Clean Energy Goals Through VDER Program
The portfolio consists of four solar projects eligible for the Value of Distributed Energy Resources (VDER) program, New York’s framework for compensating energy from distributed sources. With permits already secured, Radial Power will manage the final development and construction of the projects.
The VDER program is crucial to New York’s shift toward a more sustainable and resilient energy system. This transaction underscores the commitment of both Radial Power and Galehead to advancing renewable energy and supporting the state’s clean energy objectives. Galehead developed these projects in close collaboration with local communities and National Grid, securing approvals and creating long-term cost-saving benefits for customers, communities, and utilities.
“Radial Power is proud to advance New York’s energy transition with this portfolio of reliable, emissions-free solar power projects. This exciting collaboration with Galehead represents our commitment to delivering clean energy solutions to our customers that support renewable energy targets and help decarbonize our built environment,” said Radial Power CEO John Bates.
Galehead and Radial Power Expand VDER Solar Portfolio
Galehead owns and will continue to manage the land assets for 14 MW of the portfolio through its Century LandCo. The framework agreement also includes an additional 18.3 MW of VDER community solar capacity, which is expected to be finalized by the end of the year.
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“This transaction highlights our shared dedication to providing thoughtful siting, real estate financing and development solutions to meet ambitious renewable energy targets. We are thrilled to collaborate with Radial Power on the successful commercialization of this portfolio” said Galehead CEO Matt Marino.
Partnerships’ Commitment to Sustainability
Radial Power is a privately owned developer and operator of distributed clean energy assets founded in 2022. The company specializes in helping owners of large real estate portfolios develop energy programs across various U.S. states and utility jurisdictions to meet their ESG, climate, and renewable energy goals.
Radial Power offers turnkey integrated commercial and industrial solutions, including the development, ownership, and operation of photovoltaic solar, battery energy storage systems (BESS), and EV charging solutions. The company operates offices in Houston and New York.
Galehead is a leading platform for upstream development specializing in the planning, management, and delivery of renewable generation resources and low-carbon infrastructure. Using its proprietary LandCommand® software, Galehead effectively reduces project development risks, costs, and timelines.
Since its inception in 2016, the company has developed and monetized 7 GW of solar PV, wind, and co-located storage projects. Galehead continues to advance new greenfield projects and enhance LandCommand® applications through its network of downstream partners across the U.S.