On December 12, 2022, CVE North America, an independent solar power producer located in New York City, has finalized the acquisition of a portfolio comprising seven community solar PV projects from Saturn Power Corporation. These projects, found in upstate New York and summing up to 41 megawatts (MW), are set within the National Grid utility territory. Saturn Power initially developed these projects to the Notice to Proceed (NTP) status, and CVE plans to commence construction by the end of 2022. CVE will be responsible for the portfolio's ownership and operation, collaborating with third-party entities for construction and community solar subscribers' acquisition. The projects will participate in New York's VDER program, initiated by NYSERDA, promoting energy from distributed sources. They will focus on aiding subscribers, especially those with moderate to low incomes, in reducing utility expenses. Community solar programs enable customers to gain the advantages of renewable energy without installing personal solar systems. They receive utility bill credits for the power produced by community solar farms. Once operational, this portfolio will produce sufficient energy yearly to power around 8,500 homes and counteract emissions from over 9,000 vehicles. Saturn Power's CEO, Doug Wagner, emphasized the projects' contribution to a sustainable environment. Thibaut Delespaul, CVE North America's General Manager, highlighted the acquisition's significance in strengthening CVE's foothold in the US community solar market, especially in New York. However, the article doesn't specify the transaction's value or the legal advisors involved.