Company Timeline
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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.
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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
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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
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2014
Syncarpha exceeded 25 MW deployed across 10 projects by 2014 and began its first projects in Massachusetts.
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2016
Completed Fourth US Bank Tax Equity Raise
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2017
Cumulative MW deployed exceeds 85 MW across 27 projects
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2018
Syncarpha sold 16.2 MW to Excelsior Capital and 14.5 MW to Falck Renewables
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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
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2021
Syncarpha breaks ground on first of 9 Maine projects
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2022
Syncarpha received a $40MM investment from Pacolet Milliken
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2023
Completed first Tax Credit transfer deal with Monarch capital as Syndicate - $19MM sale
