Joule Assets, as the program administrator, managed the competitive bidding process to secure a fixed rate for the next 24 months, protecting residents and businesses from volatile market prices.
Earlier this month, Joule Assets launched the first opt-out community solar program in the U.S. The Finger Lakes Community Choice program will be available to more than 3,800 households and businesses in Brockport and Lima, New York.
"As the largest CCA in New York, Rochester is a shining example for future projects in the state," said Jessica Stromback, CEO at Joule Assets. "Municipalities deserve a say in how their residents are served energy, and we are eager to help others in New York follow this blueprint to provide savings and clean energy solutions for their communities."
The programs will help New York State achieve its mandate to reach 70% renewables by 2030.