Syncarpha has been incredibly successful at understanding the complexities and risks of different renewable energy markets, enabling the Company to make strategic and calculated development decisions and deploy capital to maximize risk-adjusted returns.
Vertically-Integrated Platform
Syncarpha has experience in developing and executing various challenging project types, including environmentally troubled sites with a focus on the distributed generation solar market.
Projects with a single commercial, industrial, or municipal off-taker
Virtual net metered projects whose electricity has multiple off-takers
In front of the meter with a utility or utility-cooperative off-taker
GEMS - Gloucester Township, Camden County, NJ (Awarded 2023 Project Of The Year Winner <$10MM by ASCE)
Projects built on landfills or superfund sites (polluted locations that require long-term remediation to clean up material contaminations).
Landfill and superfund sites require additional permitting and have specific regulations and restrictions that must be adhered to.
Syncarpha has permitted 12 projects (11 are constructed) on environmentally compromised sites including three superfund sites, five closed landfills and several brownfields.
Jets Practice Facility - 689 kW rooftop solar project in Florham Park, NJ
Solar projects built on a rooftop or as overhead parking canopies
Rooftop and carport projects can require additional permitting, approvals from building owners and structural assessments
Syncarpha began developing rooftop and carport systems early on, including its first project completed in 2010 for the Jets practice facility and carport system in NJ and MA
Paper Mill - 734 kW DC / 500 kW AC ground-mount solar project in Bennington, Vermont
Solar projects build on the ground instead of a rooftop (also referred to as fixed tilt)
Often require additional environmental permitting, town approvals as well as require engineering expertise to manage diverse topographies
Syncarpha has permitted, engineered and constructed a substantial number of fixed tilt systems in the Northeast on sites with challenging topography and limited land
Eagle Nest - 1.2 MW DC solar project using PV tracker technology in Eagle Nest, New Mexico
Projects built using PV tracker technology, in which the angle of the panel adjusts to follow the sun for optimal solar radiance
Trackers require more maintenance and relatively flat site conditions
Syncarpha has experience using tracker technology in both warm (NM) and cold (MN) climates. We expect an increasing portion of the portfolio will use trackers in the coming years
Projects that include a PV system and battery storage
Due to the nascent stage of the battery market, there are relatively few markets that have appropriate incentives to make storage
Syncarpha is a leader in the nascent solar plus storage space, pioneering storage equipment warranties that set the standard for the industry
Projects that sell power in the wholesale markets or to a utility offtake under a PPA
Finding projects within co-op or municipal utilities or finding creditworthy C&I customers who are willing to enter into long term traditional PPAs or financially settled contracts
Syncarpha has significant experience managing projects in the deregulated ISO markets (PJM, NEISO) including PV plus storage systems, that sell energy into the wholesale markets
developed and/or acquired
developed and/or acquired across 11 states
combined development experience & expertise
Before entering any market, Syncarpha performs a careful evaluation to analyze the business case and market opportunity
Analyze proposed or existing guidelines and regulations to understand the market structure
Consider the tax regime in the market to determine whether tax agreements will be necessary and are available
Study interconnection requirements to understand grid saturation and availability of distribution circuit & substation capacity
Ensure there are no statewide or countywide permitting challenges and determine strategy
