Syncarpha Capital LLC, an integrated developer, owner, operator, and operator community solar, distributed generation solar and solar plus, projects, and Rosemawr Sustainable Infrastructure Management which is Rosemawr Management’s sustainable infrastructure investment arm, are working together to fund a $100 million initial financing partnership to deploy solar and plus storage projects in Massachusetts, New England, 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.”
Syncarpha is a North American company that develops, acquires and finances distributed generation solar, community-solar, and solar plus storage projects. Partnering with developers, installers, engineers and EPC contractors, and working closely with its customers, Syncarpha designs and builds on-site solar systems for municipalities, utilities and businesses – as well as developing community shared solar solutions for consumers and commercial customers. Syncarpha currently has over 150 MW of rooftop and ground-mounted solar assets in 10 states. Syncarpha sold its equity to Pacolet Milliken LLC in February 2022. This resulted is Pacolet being the largest shareholder of Syncarpha.