22 May Regional Food Bank of Northeastern New York Lowers Costs with Solar Installations
The Regional Food Bank of Northeastern New York has completed two solar projects across nearly 112,000 square feet of warehouse space in Albany and the Village of Cornwall-on-Hudson, in Orange County. The installations at the two facilities comprised of a total of 2,673 solar panels, which is expected to produce approximately 973,000 kilowatt-hours of energy annually. The power generated by the system will help meet 60% of the facilities’ electricity needs and will lead to an estimated savings of approximately $520,000 over a 25-year power purchase agreement.
The New York State Energy Research and Development Authority (NYSERDA) facilitated the project through its solar incentives program under NY-Sun, a statewide initiative under Governor Andrew M. Cuomo to increase the number of solar electric systems across the State. The project was designed and built by Dynamic Energy Solutions, LLC (Dynamic Energy) and will be owned and operated by KIIT Renewable Energy (KRE).
“We are always looking for ways to reduce our operating expenses, so that we can maximize our impact on our core mission – to alleviate hunger and prevent food waste,” said Mark Quandt, Executive Director of the Food Bank, “switching to clean solar power does just that, allowing more resources to be allocated to help alleviate hunger in New York State.”
“The Regional Food Bank has done an exceptional job of delivering food to those in need,” said Sukhwinder Singh, CEO of KRE, “and we are very happy to lend a hand in helping them lower costs, so they can have more resources to undertake their operations.”
KRE is the renewable development and financing arm of the KIIT family of associated companies. “The KIIT companies have been committed to the health and public safety for decades, and we realize that renewable energy is now more important than ever for our community’s health and the continued prosperity of all,” said Sukhwinder Singh, CEO of KRE.
“As a leader in the New York State solar market, Dynamic Energy was able to complete these projects quickly, helping The Food Bank see savings as soon as possible,” commented Mike Perillo, CEO of Dynamic Energy.
Together, the Regional Food Bank and Food Bank of the Hudson Valley provide more than 35 million pounds of food each year to 1,000 member agencies in the 23 counties.
About the Regional Food Bank of Northeastern New York
The Regional Food Bank has been helping to feed the poor and hungry in our communities since 1982. It is the only organization of its kind in northeastern New York. The Food Bank collects large donations of food from the food industry and distributes it to charitable agencies serving hungry and disadvantaged people in 23 counties. From Plattsburgh to Newburgh, in urban, rural, and suburban communities, the Food Bank provides over 36 million pounds of food a year to 1,000 agencies.
About KIIT Renewable Energy (KRE)
KIIT Renewable Energy (KRE) is the funding arm of the KIIT family of companies. The KIIT companies actively do business in over 57 countries through its subsidiaries. KRE is dedicated to building a better future for generations to come by contributing to the health of society and the environment. KRE is an ideal partner for non-profits and businesses needing financing for renewable energy projects, serving clients throughout the US. For more information visit www.kiitrenewables.com or call 505.747.8809
