Case Studies

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SPR represents NYSERDA in the Tier 4 Renewable Energy Certificate financing of the Champlain Hudson Power Express (CHPE) project, one of New York’s largest transmission infrastructure investments in the last 50 years. The project is set to deliver approximately 10.4 million MWh of clean energy annually to the New York Metropolitan Area from Quebec,...

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SPR represented a university in connection with the site license for an on-campus ground-mount and rooftop solar project.

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SPR represents NYSERDA in the creation of its innovative Index Storage Credit incentive mechanism providing contracted bulk energy storage project owners greater revenue certainty while incentivizing participation in New York’s energy and capacity markets.

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SPR advises NYCEEC with respect to structuring of the Affordable Housing Reinvestment Fund (AHRF) Offsets Program, a highly innovative mechanism that enables building owners subject to Local Law 97 (LL97) to purchase offsets for up to 10% of their annual emissions limits. The offset purchases then fund emissions reductions projects at affordable housing buildings...

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SPR represented a lender as sole counsel for a $20MM loan with Good Carbon Co. to support the installation of geothermal heating and cooling systems at a portfolio of multifamily affordable housing developments in the Buffalo, New York region. The facility bridges both New York State incentives and ITCs, and is the first ITC...

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SPR represented a lender as sole counsel for a construction-to-term loan supporting Granite Canyon’s late-stage development of a 1.64 MW rooftop and carport solar PV system in Bladensburg, Maryland, which will participate in DC’s Solar Renewable Energy Credits (SREC) market and Maryland’s Community Solar Program. NYCEEC served as lead lender, with Calvert Impact, BlueHub...