Investment Firms Recycle Mass. Land For 12 MW Of Solar

Posted by Joseph Bebon on March 24, 2016 No Comments
Categories : Projects & Contracts

Investment companies Syncarpha Capital and Pacolet Milliken have announced the addition of three solar projects, located in the Massachusetts towns of Leominster, North Adams and Palmer, to their jointly owned solar portfolio.

The grid-connected projects are privately funded and currently delivering a total of 12 MW of renewable energy. The towns will purchase the energy over the next 20 years.

The solar projects are part of the U.S. Environmental Protection Agency’s RE-powering America’s Land initiative, which encourages the development of renewable energy on current and formerly contaminated lands such as landfills, brownfields and superfund sites.

“Not only are we assisting public-sector customers in reducing their energy costs, but we’ve identified the overall environmental benefit of developing clean energy projects on remediated land,” says Cliff Chapman, managing partner of Syncarpha Capital. “The site in North Adams was a former landfill, and the location in Palmer was a brownfield site. We’re putting Massachusetts land back to productive use.”

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