Case Study: CVE achieves community solar portfolio optimization with PowerMarket

CVE restores 8 million kWh of community solar with PowerMarket

CVE North America, a leading international multi-energy power producer, faced significant challenges with its New York community solar portfolio. The projects were undersubscribed and plagued by a buildup of unmonetized banked credits, which disrupted revenue forecasting and posed a reputational risk. To address this, CVE turned to the vendor PowerMarket for its community solar subscription management services.

PowerMarket implemented a comprehensive optimization strategy, which included a seamless migration, a host bank transfer to recover revenue, and an overhaul of the allocation model. Within just one month, the vendor fully subscribed the projects, monetized the legacy banked credits, and restored cash flow. This resulted in over $700,000 in annual savings for more than 9,000 subscribers and stabilized the performance of CVE's assets.

CVE