“The City Council reached a tentative budget deal on Friday that offers taxpayers a 1.54-percent tax cut. Mayor Gary McCarthy’s initially-proposed 16-percent salary increase has been whittled to 4 percent. But don’t expect City Hall to be lit in rainbow lights while city council members hold hands and sing kumbaya: Several lawmakers accused their … [Read more…]
“Distributed Solar Development has secured a $250 million fund to pay for distributed generation projects through 2020. The deal is financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank, and was announced Wednesday. DSD was formed in Schenectady as a General Electric incubator company in 2012 and was known as GE Solar … [Read more…]
“Distributed Solar — the Schenectady solar startup that spun off from General Electric earlier this year — has raised a $250 million fund from Morgan Stanley, Silicon Valley Bank and Fifth Third Bank to finance a portfolio of solar projects through 2020. The fund was raised after Distributed Solar Development announced in July that … [Read more…]
“Mayor Gary McCarthy is seeking to pull back the curtain on his Smart Cities initiative following mounting lawmaker questions over costs, transparency, security protocols and the overall scope of the effort. The city will hold at least four public meetings to discuss the program, McCarthy said on Monday; he’s asking asking the City Council … [Read more…]
“A solar startup launched by General Electric Co. and funded by BlackRock Inc. will be headquartered at Mohawk Harbor, according to the Schenectady Metroplex Development Authority. Distributed Solar Development, which designs, builds, owns and operates distributed solar power generating plants, currently employs more than 60 people, according to GE Reports. DSD had its origins … [Read more…]
“Vacant Property All property owned in the city requires maintenance prescribed by the NYS property maintenance code and local city ordinance. Any property that becomes vacant of occupancy for more 30 days, must be registered as a Vacant Property with the City through the Building Department. Vacant Property Registration is a formal application registering … [Read more…]
“The Schenectady County Metroplex Development Authority today announced that Distributed Solar Development will locate the company’s new corporate headquarters at Mohawk Harbor, Schenectady’s live-work-play waterfront development. Distributed Solar Development (DSD) designs, builds, owns and operates distributed solar and energy solutions for commercial, industrial and municipal customers. Incubated at GE’s Schenectady campus for seven years, … [Read more…]
“The municipalities within Schenectady County have a long and strong history in collaboration and shared services for the process outlined in the Part BBB Chapter 59 of the Laws of 2017, the County of Schenectady convened the County-wide Shared Services Panel to develop additional collaborations and shared services that will reduce municipal costs and … [Read more…]
“The town is considering joining a community choice aggregation program to source a new, possibly renewable, energy supply that could stabilize or reduce costs for residents. The project would be managed by Municipal Electric and Gas Alliance (MEGA), a local development corporation that serves local governments by purchasing energy, but community choice aggregation (CCA) … [Read more…]
“GE and BlackRock, the giant investment firm with trillions in assets under management, have agreed to build a new solar industry powerhouse. Called Distributed Solar Development, the company will design, build, own and operate distributed solar and storage solutions for customers. The new firm will stand on a bedrock of GE’s solar business launched … [Read more…]