Infiniti Energy, a full-service solar power developer and impartial power producer, is growing and establishing 5 solar initiatives at websites owned by Kaplan Companies. The initiatives, totaling greater than 2 MW, will probably be accomplished underneath three totally different possession fashions, together with neighborhood solar, solar power buy agreements and direct possession.
Camelot at Bayonne Apartments in Bayonne, N.J., was the primary of the 5 initiatives to be accomplished in June 2021, with Camelot at Townekake in Sayreville, N.J., accomplished in December 2021. The different three will probably be accomplished and operational by June.
“Working with Kaplan on these solar projects has been good for Infiniti Energy to show the three ownership models we work with all provide strong value to real estate firms,” says Michael Kushner, Infiniti Energy’s CEO. “Kaplan has chosen to get ahead of a market in which owners and renters are demanding more sustainable living spaces. By showing that these solar ownership models not only provide more sustainable living, but they also make sense financially. Energy rates can be locked in and additional revenue can be generated from previously unused roof space.”
The initiatives embody Camelot at Bayonne (156 kW), Camelot at Townelake (201 kW), Gateway at Carteret (180 kW), Merriewold at Highland Park (308 kW) and Kaplan Community Solar (1,189 kW).
“Our number one core value at Kaplan is ‘do the right thing’. Solar is the right thing to do,” states Jason Kaplan, president of Kaplan Companies. “It not only provides clean energy to our communities, but it makes financial sense. And partnering with a trusted company like Infiniti Energy has given us the confidence that it has all been done right. It makes so much sense, we even added solar to our residences.”
New Energy Equity LLC is a financing companion to Infiniti Energy for the portfolio and Kaplan Community Solar is collectively developed with Nexamp.
