Skip to main content
Enter search terms below…

Member News

Mayor Madden Announces Completion of Phase One of City’s Solar Energy Project



Mayor Patrick Madden, the New York State Energy Research & Development Authority (NYSERDA), and representatives of Monolith Solar announced the completion of the first phase of the City of Troy’s solar energy project during a ribbon cutting ceremony at the City’s Frear Park Ice Arena. The 2.1 megawatt solar network, which includes over 6,700 solar panels across six locations within and outside Troy, provides 20 percent of the City’s annual electric needs and saves an estimated $2M in municipal energy costs over the next decade.
 
Mayor Patrick Madden said, “By diversifying our energy portfolio to include clean renewable sources like solar, the City of Troy is doing our part to build a more sustainable future for our community. Completion of the first phase of our solar installation project is a win-win for our city, reducing costs for taxpayers while meeting our energy needs through renewable energy opportunities. With assistance of NYSERDA’s NY-Sun Program, and in cooperation with Monolith Solar, the City of Troy will continue to pursue new energy-saving initiatives and act responsibly to confront the challenges of global climate change.”
 
The City’s solar project was developed in partnership with Monolith Solar, with assistance from NYSERDA’s NY-Sun Program which offers resources and assistance to make solar energy more accessible to homes, businesses and communities across New York. The Troy solar project was made possible through a 25-year power purchase agreement (PPA) with Monolith Solar which offsets energy costs throughout the term of the PPA at no cost to city taxpayers.
 
David Sandbank, Director of NY-Sun, NYSERDA said, “Congratulations to the City of Troy for having the foresight to make the best use of city property by developing a clean energy source property that will lower energy costs for its residents. This innovative way of using different city facilities to house renewable energy projects that reduce greenhouse gas emissions helps support Governor Cuomo’s initiative to derive 50 percent of our electricity from renewable resources by 2030.”
 
Mike Hickey, CEO of Monolith Solar said, “The City of Troy has demonstrated extraordinary leadership on the issue of energy-related pollution with this initiative. It’s almost poetic that the landfill, a highly visible reminder of the human impact on our environment, is hosting the largest of Troy’s solar farms to reduce the hidden, yet no less serious, effects of non-renewable power generation. Our mission is to empower communities to choose clean, accessible energy to build a sustainable future together, and our partnership with the City of Troy is that mission coming to life.”
 
Additionally, the City announced it will add an additional 2.6 megawatt solar array at the landfill site. Expansion of the landfill site will include the addition of 8,000 solar panel modules, expected to be completed by the end of 2018. Upon completion, the combined output of the entire Troy solar network will provide over 40 percent of the City’s electrical energy needs.

 

Furthering its mission of ‘Helping Kids be Kids,’ Pioneer’s Charitable Foundation has now invested more than $1.2M in nearly 400 local agencies that enhance the health and welfare of children Albany, NY – Pioneer, a leading financial institution in New York’s Capital Region, today marked the national celebration of Giving Tuesday by making $2,500…
With Cyber Monday and the holiday shopping season around the corner, it’s even more important to look for red flags and stay cyber safe when shopping online. The planned spend on gifts and other holiday items is expected to be $832 per person this year, according to National Retail Federation. Berkshire Bank Chief Information Officer Ryan Melle…
CEO Nitin Mhatre stated, “We’re proud to celebrate the anniversary of our NYSE listing and our long history of purpose-driven, values guided community banking. We believe that where you bank matters, and we’re building a better approach to banking while delivering steadily improving results to our communities and our shareholders. In 2022, our…
Dec
04
Join us as the streets of historic downtown Troy come alive with Victorian “Gilded Age” magic!  Enjoy the region’s premiere free holiday event that has…
The Region's Premiere Free Holiday Event
Dec
05
We hope you can join us on December 5th to celebrate and cut the ribbon for Red Dog Realty in their new office on Hoosick Street in Troy!  Red Dog Realty…
Ribbon Cutting & Grand Opening
Dec
15
As a benefit of your Chamber membership, you are invited to attend the Annual Holiday Networking Luncheon.  This provides a great opportunity to close out…
Lunch and Networking