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Syncarpha Capital is a New York based private equity firm dedicated to developing, owning and operating commercial and utility scale photovoltaic (PV) solar energy systems throughout the United States and Canada. Co-founded by Cliff Chapman and Richard Turnure, the firm was launched to capitalize on the tremendous opportunities in the alternative energy sector and to create a vehicle for investing in assets with long duration, excellent credit quality and high risk adjusted returns.

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Community Solar Breaking Ground in Western Massachusetts

Syncarpha Solar

05 Oct 2016

Syncarpha Capital (“Syncarpha”) has selected The Ryan Company, Inc. to build three Community Shared Solar photovoltaic facilities in Massachusetts, that will be located on a portion of the land owned by Hancock Shaker Village, a nonprofit organization, in the Town of Hancock and the City of Pittsfield in Berkshire County.  The three solar facilities have been co-developed by Syncarpha and Renewable Energy Massachusetts LLC (“REM”).  In the aggregate, the facilities will total 7 Megawatts and will be interconnected to the Eversource Energy – Western Massachusetts Electric Company (Eversource/WMECO) electrical distribution system.  The three solar parcels leased by Syncarpha are not within the view shed of the authentic historic Shaker Village, and great care has been taken to select appropriate parcels that will not interfere with the historic ambience of the museum site or negatively impact the visitor experience.
 
“These Community Shared Solar facilities in Hancock and Pittsfield will enable Eversource/WMECO residential customers to obtain the benefit of long-term electricity savings and to support the development of local renewable energy without requiring either an up-front investment or having solar panels located on their roofs”, stated Matt Preskenis, Vice President of Community Solar Development at Syncarpha. “Up to 450 residential customers within Eversource/WMECO’s service territory can participate in this local solar energy project.”  
 
Syncarpha Capital | http://www.syncarpha.com
 
Renewable Energy Massachusetts LLC | http://www.remenergyco.com
 
The Ryan Company, Inc. | 

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