July 11, 2022
Syncarpha Capital LLC, a fully integrated developer, owner and operator of community solar, distributed generation solar, and solar plus storage projects, and Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure investment arm of Rosemawr Management, are working together on an initial $100 million financing partnership to deploy solar and solar plus storage projects 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 partner 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.”
Written by Michael Bates of Solar Industry Mag