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Aspen Power Buys NY Community Solar Portfolio Under VDER

ByArticle Source LogoEnerdaticsFebruary 04, 20262 min read
Enerdatics

Aspen Power Partners has acquired a two-project community solar portfolio in upstate New York from CTEC Solar LLC, adding 6.8 MWdc of distributed solar capacity to its U.S. footprint.

The assets are not merchant exposure. Both projects will participate in New York State’s Value of Distributed Energy Resources (VDER) program, locking revenue to a grid-value framework rather than volatile spot pricing. That structure reduces downside risk while preserving predictable cash flows tied to system benefits, not just energy output.

The key signal is execution certainty. CTEC Solar remains on as EPC, with construction expected to begin in the coming months. Aspen is buying assets where development risk is largely cleared and delivery responsibility stays with the original developer. That alignment matters in New York, where interconnection and permitting delays routinely derail early-stage portfolios.

The projects are expected to generate nearly 10 million kWh in their first year, enough to power approximately 2,700 homes annually. Scale here is modest by design. Sub-10 MW portfolios under VDER continue to clear capital because they combine shorter timelines with bankable offtake mechanics.

This transaction reinforces where capital is moving in U.S. community solar. Buyers are prioritizing advanced-stage, construction-ready assets with state-backed compensation frameworks and clear EPC accountability. In NYISO, structure now matters more than size.

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