Source: Syncarpha Capital
Syncarpha Capital LLC, a totally built-in developer, proprietor and operator of neighborhood solar, distributed technology solar, and solar plus storage tasks, and Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure funding arm of Rosemawr Management, are working collectively on an preliminary $100 million financing partnership to deploy solar and solar plus storage tasks 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,” states Cliff Chapman, CEO at Syncarpha. “We are excited to be working with Rosemawr in this endeavor, and we appreciate the flexibility and creativity that their financing solution provides.”
“Syncarpha is a longstanding, proven project developer, sponsor, and operator with industry-leading expertise in shared community solar projects, including customer acquisition and management,” states Josh Herlands, managing accomplice at Rosemawr Sustainable Infrastructure Management. “We are excited to help bring this portfolio to fruition as we continue to execute on our sustainable infrastructure investment deployment strategy with best in-class development and operating partners such as Syncarpha.”
Syncarpha develops, acquires, funds, owns and operates distributed technology solar, neighborhood solar and solar plus storage tasks throughout North America. Partnering with builders, installers, engineers and EPC contractors, and dealing carefully with its clients, Syncarpha designs and builds on-site solar techniques for municipalities, utilities and companies – in addition to growing neighborhood shared solar options for shoppers and industrial clients.
The firm at present operates over 150 MW of floor mounted and rooftop solar property in 10 totally different states. In February 2022, Syncarpha accomplished a sale of fairness to Pacolet Milliken LLC, its third-party capital accomplice, which resulted in Pacolet turning into the most important shareholder of Syncarpha.