Captona and South Jersey Industries have made the fourth acquisition by means of their Catamaran Renewables three way partnership for a 5.66 MW solar / 5.2 MWh storage facility in Agawam, Mass. Prior to the acquisition, Catamaran’s portfolio included solar and gas cell belongings.
Catamaran Renewables acquired the Agawam Solar and Storage venture from Consolidated Edison Solutions Inc., an energy companies firm. The facility has certified for the Massachusetts SMART program – a tariff-based incentive program for eligible solar know-how belongings – making certain a robust return on funding as the power continues to offer clear power to over 100 C&I neighborhood subscribers in Western Massachusetts.
Catamaran is using Captona’s inside asset administration and engineering groups to handle the portfolio’s day-to-day operations.
“Captona’s partnership with South Jersey Industries continues to push the boundaries of the energy transition as we add new technologies to our fleet. Investments in base-load technologies that promote grid stability and positively impact the community are at the forefront of Captona’s decarbonization mindset,” remarks Izzet Bensusan, Captona’s managing companion and founder. “We are excited for what 2022 has in store for our partnership as Catamaran continues to invest in and grow our renewable energy and clean fuel portfolio.”