Company Updates and In The News

New Energy Equity and EmPower Solar Expand New York Footprint with 2MW Community Solar Project

Annapolis, MD, March 22, 2022 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, announced today the completion of a 2MW system with EmPower Solar (“EmPower”), a New York solar energy commercial and residential developer. With an annual production of 2,456 MWh, the roof mounted system boasts […]

March 22, 2022

New Energy Equity Sells 100% Interest to ALLETE

Annapolis, Maryland — New Energy Equity LLC announced that they have signed a definitive agreement to sell one hundred percent of its membership interests to ALLETE, Inc. (NYSE:ALE). “The New Energy Equity team is excited to join the ALLETE family of companies, bringing broadened expertise and access to capital to New Energy Equity,” said the company’s […]

March 03, 2022

New Energy Equity donates $10,000 through Lift as We Climb Foundation to Support Local Charities

Annapolis, MD, January 25, 2022 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, announced today  $10,000 of donations to three community organizations through its charitable giving arm, the Lift as We Climb Foundation.   Each year, New Energy Equity donates a portion of profits from the company based on employees achieving goals set throughout the year. The Lift as We Climb Foundation […]

January 25, 2022

New Energy Equity, Engineering Concepts, and Cedar Creek Energy Partner on 1.4MW Community Solar Project

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 […]

January 18, 2022

New Energy Equity Names Ahmar Zaman as New Chief Financial Officer

Annapolis, MD, January 11, 2022 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, has welcomed Ahmar Zaman to its leadership team as Chief Financial Officer. Ahmar will be responsible for supporting rapid growth by managing the internal and external finance functions of New Energy and its subsidiaries.  […]

January 11, 2022

SunVest New Energy, LLC Awarded Nearly 38MW of Illinois Community Solar Capacity

Allocation accelerates developer group’s national focus on energy independence. Pewaukee, Wisconsin, January 4, 2022 – SunVest New Energy, LLC, a partnership between SunVest Solar, LLC and New Energy Equity was awarded 37.6 megawatts (AC) of community solar capacity under the Illinois Adjustable Block Program in December. The allocation is the single-largest portfolio awarded to any developer […]

January 04, 2022

New Energy Equity, President & CEO Matt Hankey Named 2021 Winners in BIG Awards for Business

Annapolis, MD—December 7, 2021— New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, announced today that the organization and its co-founder, President and CEO Matt Hankey were each awarded the Business Intelligence Group’s BIG Awards for Business and named 2021 Small Business of the Year and Small Business Executive of the Year. Launched in 2012, the BIG Awards […]

December 07, 2021