Annapolis, MD, January, 18, 2022 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, today announced the financial close of a 1.4MW system with Cedar Creek Energy, a Minnesota solar energy EPC contractor, and Engineering Concepts, a solar garden and eco-village housing developer. The Mud Lake Community Solar Garden, located in Gaylord, MN, is a ground mounted system expected to produce over 2,000 MWh annually. The project is expected to be completed mid-2022.
“Cedar Creek has been an excellent partner in Minnesota and we are thrilled to partner with them again on this unique opportunity with Engineering Concepts,” said New Energy’s Vice President of Business Development, Josh Kunkel. “New Energy is committed to increasing access to clean energy across all communities and the Mud Lake project helps further that mission in Minnesota.”
The Mud Lake Community Solar Garden will provide clean energy access to residential subscribers across Nicolett, Carver, Scott, McLeod, and Sibley Counties. The energy generated by the solar garden provides these communities the opportunity to utilize clean solar energy while decreasing their energy costs.
“New Energy Equity and Engineering Concepts have been great partners to work with on this project,” said Cedar Creek’s Vice President of Operation, Alex Gast. “Our past relationship with New Energy Equity, their expertise, and experience in the Minnesota Community Solar Garden market made them a great choice to help bring this project to fruition. Engineering Concepts should also be commended as this project could not have happened without the time, effort, and perseverance on their behalf. Cedar Creek Energy is pleased to add this to our extensive track record of completed solar projects in the upper Midwest.”
“New Energy’s large breadth of experience in Minnesota combined with their expertise in community solar made our partnership a perfect match for this project,” said Engineering Concepts’ President, David Coughlan. “We are proud to share in the effort of bringing affordable clean energy to the City of Gaylord and the adjacent communities.”
About New Energy Equity
Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 275MW of solar projects and closed more than $550M in clean energy investments. The company was ranked as the 7th Top Solar Developer and the 8th Top Solar Contractor on Solar Power World’s “2021 Top Solar Contractors” list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine in 2020. To learn more, visit http://www.newenergyequity.com.
About Cedar Creek Energy
Based in Blaine, Minnesota, Cedar Creek Energy is a full-service solar developer and electrical contractor with a specific focus on development, engineering, procurement, and construction of solar PV arrays. We design, install, and operate solar PV arrays throughout the Midwest, and have over 15 years of experience with large, complex solar arrays. Our experience provides us with the knowledge and expertise to build solar arrays in a northern, cold weather climate that stand the test of time. For more information or to become a clean energy customer, visit www.cedarcreekenergy.com.
About Engineering Concepts
Engineering Concepts was formed in 2012 to promote clean water and clean energy solutions. They are now engaged in the development of renewable resources and customer service agreements.