Source Renewables is a developer of solar energy projects. We finance, develop, build, own and operate community solar farms throughout the State of New York.
And because we serve New York exclusively, we were able to create a strategic niche in the solar farm business here that has rewarded us with a true leadership position in community solar development and clean energy supply in New York State.
community solar projects in development
experience in New York's retail energy market
Can potentially power a city of
for over 30 years.
Source Renewables harnesses comprehensive resources through its close tactical relationships to provide all the services essential to completing community solar projects... from start to finish.
Our team of seasoned, dedicated solar professionals has more than 170 MW of community solar projects in development.As a result, these projects can potentially power a city of 20,000 for over 30 years.
In addition, because our services are bundled together with our subscription management company, Source Power Company, we are uniquely positioned to manage any solar project for less than the competition, increasing returns for project owners. Because we have the management expertise in house, we are able to offer a more convenient, less costly alternative.
Source Power Company is the sister company of Source Renewables. Source Power finds, manages and services customers for community solar projects. We are an ESCO, or Energy Services Company - unlike many of our competitors - enabling us to “package” the renewable energy created by community solar farms with customers’ electrical supply.
Using the Value of Distributed Energy Resources (VDER) credits, we can provide residences and businesses these guaranteed savings on overall energy bills, and offer lower cost power.
Our senior managers share more than 50 years of hands-on experience in New York’s retail energy market as well as a decade-plus in commercial and community solar financing and development.
We deliver clarity, transparency and the utmost efficiency to our partners - utility companies, property owners, capital partners and municipalities.
We also deliver guaranteed savings to our energy customers.
Andrew Day has extensive experience in project finance, development, financial analysis and deal structuring in the renewable energy sector. Previously, he led teams at Abengoa, Sunpin, and Scout Solar in the acquisition, development, construction, financing and ultimate sale of multiple photovoltaic solar projects. Andrew founded Source Renewables to create sustainable solutions across his variety of expertise: from industrial projects, real estate projects, community solar projects and more. Andrew believes in sustainable energy as a path forward for a green future. Andrew received his BS in Business Management from Babson College.
Will May is an experienced energy executive and operator. During his career Will has founded and built companies that executed over 40MW of Solar assets as an EPC and co-developed an additional 60MW’s. Additionally, he has provided consulting services to a number of utilities in distribution and substation planning, renewable energy procurement strategies, acquisition due diligence, and financial modeling. He has executed acquisitions and joint ventures with some of the largest players in the renewable energy space including Solar City, Hitachi, and Dominion. Will studied economics and mechanical engineering at the University of Connecticut and Fairfield University.
Todd Coffin is an experienced investment banker specializing in corporate and project finance and capital formation in the renewable energy industry. Prior to Source Renewables he led Source Capital Group’s investment banking department beginning in 2003. Previously, Todd was a founding partner at Hudson Allen and Company. While at Hudson Allen, he also served as CEO of Sonus Communications. Prior to Hudson Allen, Todd was with Alex Brown & Sons, and started his career at Smith Barney Harris Upham. Todd was a founding Board Member and financed Greenbacker Capital Corp., a registered public non-traded GP of Greenbacker Renewable Energy Corp. He holds a BA from Boston University.
Nicholas Whitcombe has nearly 30 years of experience sourcing and structuring corporate and project finance transactions in the energy sector. Prior to joining Source Renewables, Nick led the financing of 50 transactions totaling more than $900 million in a diverse portfolio of investments in residential, C&I and community solar, wind, energy efficiency, and corporate financings at New York Green Bank, a state-sponsored investment fund. In New York State, Nick spearheaded a focus on community solar, resulting in the financing of over 300 MW of community solar projects.
Prior to New York Green Bank, Nick was a federal officer responsible for the U.S. Department of Energy loan guarantees for nuclear enrichment and generation, wind and solar generation, and automotive manufacturing projects. Nick has also worked in a variety of roles at Jefferies, CIT, Fleet, and NatWest, including energy derivatives and loan syndications, origination, and restructuring. Nick earned a BS from Cornell University and an MBA from Vanderbilt University.
Jeff has been adding value to C&I customers and utilities through the management of electricity for the last 16 years. He cofounded two demand response companies since 2005 and led the first major demand response program in Southeast Asia. Since 2013, he has developed expertise in the development and sales of battery energy storage systems.
Prior to his work in the energy sector, he led global businesses in the Chemicals and Polymer Industry and from 1998 to 2004 was President and General Manager of a specialty polymers business owned by DESC S.A. de C.V., a Mexican conglomerate.
Jeff holds a BS degree in Chemical Engineering from Northeastern University and an MS degree in Management from Rensselaer Polytechnic Institute.