Syncarpha safeguards USD 100m of financing for solar plus storage projects

• United States community solar designer Syncarpha Capital LLC has safeguarded USD 100 million (EUR 99m) of financing to roll out solar and solar plus storage projects in Massachusetts and various other locations in New England.

Syncarpha as well as Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure investment arm of investment company Rosemawr Management, today unveiled a first USD-100-million funding partnership to build such projects.

"The release of common community solar and power storage infrastructure develops benefits for the power infrastructure and also communities in the area, supplying long-lasting power financial savings to our consumers and critical assistance to the grid through the implementation of energy storage," said Syncarpha president Cliff Chapman.

Syncarpha, set up in 2009 as well as based in New york city, establishes, acquires, financial resources, has and also operates distributed generation solar, community solar and also solar plus storage space projects. It currently runs more than 150 MW of ground mounted and roof solar in 10 states. The firm's biggest shareholder currently is Pacolet Milliken LLC, a personal investment company had by the Milliken family.