Syncarpha, Rosemawr Forge Partnership For ‘solar plus storage’ Projects In New England

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Syncarpha Capital and Rosemawr Sustainable Infrastructure Management have forged an initial $100M financing partnership. This will pave the path for the deployment of solar and solar plus storage projects in Massachusetts New England region of the USA.

Rosemawr Sustainable Infrastructure Management is the sustainable infrastructure investment arm of Rosemawr Management.

Cliff Chapman, CEO at Syncarpha, said, “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. 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. 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,” said Josh Herlands, Managing Partner at Rosemawr Sustainable Infrastructure Management.

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Syncarpha Capital is based in New York and delves into developing, acquiring, financing, owning and operating distributed generation solar, community solar and solar plus storage projects particularly in North America. Syncarpha currently operates over 150 megawatts of ground mounted and rooftop solar assets in ten different states.

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In February this year, the New York-based company completed a sale of equity to invest company Pacolet Milliken, its longstanding third-party capital partner. As a consequence of this, Pacolet Milliken became the largest shareholder of Syncarpha.

Rosemawr Management claims to be an established investment firm that looks into sustainable infrastructure, municipal, not-for-profit, and charter school sectors. It currently has close to $1.3 billion in assets under management. The firm’s sustainable infrastructure portfolio presently entails investments in more than 90 solar projects encompassing 14 states. It also boasts of multiple investments across property assessed clean energy (PACE), wind energy, and related technologies.