Our Story

Syncarpha Capital was founded in 2009 by Cliff Chapman and Richard Turnure 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.

About Syncarpha

Early Mover In Emerging Renewable Energy Markets

Syncarpha’s first projects were in New Jersey with a focus on markets with net metering, followed by development efforts in other Northeast markets such as Massachusetts SREC I program.

In addition to its development efforts in the Northeast in the 2010-2016 timeframe, Syncarpha ventured into new markets, including Nevada, Arizona, South Carolina and New York. Syncarpha partnered with smaller local developers, providing insight into local market dynamics and enabling the Company to better develop projects on its own in the future.

Syncarpha has primarily focused on distributed generation projects, with an emphasis on virtual net metered projects Community solar has been a particular area of focus over the last five years as these programs have become more prevalent and is expected to be a major driver of future volume.

Company Timeline

2009
Syncarpha began developing projects in 2009 with a focus on markets with net metering. The company’s first project was at the New York Jets practice facility in New Jersey, followed by development efforts in other Northeast markets such as the Massachusetts SREC I program.
2011 - 2012
Operational on a 6-site PV/solar thermal project at the University of Arizona, Syncarpha raised first tax equity investment from US Bank, Sold 3 projects (total of 11MW) in Massachusetts
2013
Syncarpha received $100m commitment from Family Office, First Massachusetts projects reaches COD, Pacolet joined Syncarpha in first solar sponsor co-investment in Dartmouth project
2014
Syncarpha exceeded 25 MW deployed across 10 projects by 2014 and began its first projects in Massachusetts.
2016
Completed Fourth US Bank Tax Equity Raise

2017
Cumulative MW deployed exceeds 85 MW across 27 projects
2018
Syncarpha sold 16.2 MW to Excelsior Capital and 14.5 MW to Falck Renewables
2019
Syncarpha entered a partnership with Engie on a 19 MW solar plus storage portfolio and with STEM to develop and operate a solar plus storage project in the MA SMART program, Completed fifth US Bank Tax Equity Raise
2021
Syncarpha breaks ground on first of 9 Maine projects
2022
Syncarpha received a $40MM investment from Pacolet Milliken
2023
Completed first Tax Credit transfer deal with Monarch capital as Syndicate - $19MM sale