Overview
July 11, 2022, Syncarpha Capital LLC, a private equity firm dedicated to developing, owning, and operating commercial and utility-scale photovoltaic (PV) solar energy systems, and Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure investment arm of investment firm Rosemawr Management partner on an initial $100 million financing to deploy solar and solar plus storage projects in Massachusetts and elsewhere in New England.
“The deployment of shared community solar and energy storage infrastructure creates benefits for the power infrastructure and communities in the region, delivering long-term power savings to our customers and critical support to the grid through the implementation of energy storage,”
“The deployment of shared community solar and energy storage infrastructure creates benefits for the power infrastructure and communities in the region, delivering long-term power savings to our customers and critical support to the grid through the implementation of energy storage,”States Cliff Chapman, CEO at Syncarpha.
Solar plus storage
Solar plus energy storage projects provide critical support to the grid. Solar plus energy storage systems connect solar systems to batteries and store electricity for use at night or during power outages.
Solar plus energy storage systems have environmental and economic benefits. The extra solar energy it stores can be used at times of peak demand, helping to reduce the extra fees charged by some businesses during peak times.
Shared community solar
Syncarpha has industry-leading expertise in shared community solar projects. Community Solar simplifies the process for renters & homeowners to access solar energy by subscribing to Syncarpha’s shared solar farms. Residents can reserve a share of a nearby solar farm connected to the existing grid – which in turn saves them 10-15% on their electric bill while supporting renewable energy efforts.
Source: Syncarpha Capital LLC.
