NYC-Industrial Development Agency Awards Equipment Contract to Eastern Towhee B Clean Energy Llc (July 2026)

The New York City Industrial Development Agency unanimously approved financial assistance for Eastern Towhee B Clean Energy LLC’s approximately $16.3 million battery storage and solar canopy project. The straight-lease transaction provides City and State sales and use tax exemptions of up to $1.11 million, with construction expected to begin in late 2026.

Document date · July 21, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Approximate total project cost of $16,300,000; City and State sales and use tax exemption not to exceed $1,110,041

Contract type

EQUIPMENT

Contract term

Resolution effective for one year from July 21, 2026; construction expected to begin in Q4 2026 and operations expected in Q1 2029

Renewal date

2027-07-21

Renewal

Resolution remains effective for one year from adoption, subject to Agency termination; tax benefits are subject to 10-year recapture requirements.

Document type

Minutes

Source document

New York City Industrial Development Agency Minutes Board of Directors Meeting 2026-07-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by NYC-Industrial Development Agency?

Eastern Towhee B Clean Energy Llc was awarded this equipment contract by NYC-Industrial Development Agency, as recorded on July 21, 2026. The contract value is Approximate total project cost of $16,300,000; City and State sales and use tax exemption not to exceed $1,110,041.

How much is the Eastern Towhee B Clean Energy Llc contract with NYC-Industrial Development Agency worth?

The Eastern Towhee B Clean Energy Llc contract with NYC-Industrial Development Agency is valued at Approximate total project cost of $16,300,000; City and State sales and use tax exemption not to exceed $1,110,041, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New York City Industrial Development Agency Minutes Board of Directors Meeting 2026-07-21 (Minutes), dated July 21, 2026 from NYC-Industrial Development Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eastern Towhee B Clean Energy Llc hold?

Eastern Towhee B Clean Energy Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Eastern Towhee B Clean Energy Llc's profile

What is NYC-Industrial Development Agency currently buying?

Explore NYC-Industrial Development Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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