Arcadia Power Nets $25 Mn Fund for Expansion

The community solar pipeline will include solar projects of 40 new large scale solar farms to be built across 600 acres availing clean energy options especially for the Arcadia Power members.

DC based renewable energy digital utility, Arcadia Power has securely collected USD 25 million in the series b funding and planning to building 120 MW of community solar projects across the country.

The community solar pipeline will include solar projects of 40 new large scale solar farms to be built across 600 acres availing clean energy options especially for the Arcadia members.

With the inclusion of the new funding the company also plans to transform the residential energy experience by enhancing our current offerings, and bringing to market new ways to choose clean energy and save.

CEO, Arcadia Power, Kiran Bhatraju said, “I’m extremely proud of what we’ve accomplished, and, more importantly blown away by the community that has chosen Arcadia Power as their 21st century digital clean energy utility.”

The new investment gives the company the opportunity to hire even more talented data scientists and software engineers to build new ways of making clean energy easy and affordable for all – from any state, living situation, or income.

Arcadia Power also reimagines the community solar market. Typical community solar programs require 20-year commitments, multiple bills, and hefty cancellation fees, but company’s model has finally made community solar accessible for the consumers.

A community solar power project is nothing but a solar power plant whose electricity is shared by more than one household. ‘Community solar’ can refer to both ‘community-owned’ projects as well as third party-owned plants whose electricity is shared by a community.