THE PROJECT
In 2022, NT Solar provided a tax equity investment in the $28 million solar investment tax credits (ITCs) generated by the development of seven installations in New Jersey and a follow-on expansion investment in late 2023 for two installations in New York. These were NT Solar’s first two investments in partnership with Dimension Energy, a leading developer, owner, and operator of community solar. Placing in service in late 2023 and 2024, the nine rooftop and ground-mount sites provide cost-effective community solar solutions to local residents.
This investment was made through the Climate Impact & Revitalization Fund, established in 2020 by NT Solar and its parent organization, the National Trust Community Investment Corporation. The fund represents the collective efforts of NTCIC and NT Solar in providing capital to support decarbonization and climate change mitigation projects that make clean energy accessible and more affordable to local communities.
GREEN ENERGY STATISTICS
The 28.04-megawatt (MW) portfolio will generate an estimated 37 gigawatt-hours (GWh) over the life of the project, which:
- offsets 26,000 metric tons of CO2
- Offsets a CO2 emissions equivalent of burning nearly 30 million pounds of coal annually
- Sequesters the same amount of carbon from the atmosphere as over 56 thousand acres of forest
ABOUT DIMENSION ENERGY
Dimension Energy is a leading developer, owner, and operator of turn-key community solar solutions, having deployed more than 400 megawatts and $400 million into clean energy assets since its founding in 2018. Dimension plans to invest an additional $2.5 billion over the next 5 years, with more than 2.2 gigawatts of projects currently under development across 11 states. Dimension fosters long-term partnerships with each community it serves, investing in local green job creation through workforce training programs and STEM education. For additional information about Dimension, please visit www.dimension-energy.com