August 6, 2019
ENGIE Storage announced it will supply and operate a 19 MW/38 MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target Program and participate in ISO-New England wholesale markets. The combined solar and storage portfolio, developed and operated by Syncarpha Capital, LLC, a New York-based private equity firm, is the first utility-scale solar plus storage offering to benefit from ENGIE’s new integrated development, supply and services offering for wholesale market participation.
“Syncarpha selected ENGIE Storage for the portfolio due to ENGIE’s sophisticated and integrated offer, leading software, operational experience, and bankability,” said Cliff Chapman, chief executive officer at Syncarpha. “Working with ENGIE creates incremental value for these assets in addition to the SMART program and meets the financial and risk requirements of tax equity investors and lenders.”
by ENGIE Storage