TORONTO, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Today, Solar Provider Group has partnered with Syncarpha Capital, to help bring 2 MW of solar energy to Minnesota. The Community Solar projects are expected to reach commercial operation in December 2018 and will produce green energy for the next 20 years.
The two projects, located in Dodge County, Minnesota were developed under the Solar Rewards Community program. The Community Solar projects will benefit the community in Dodge County, as residents will be able to subscribe to the projects for green, sustainable, and affordable energy.
The community will have the opportunity to subscribe to approximately 5,700 solar modules across two projects within Dodge County. The 2 MW of capacity will be enough to take approximately 250 homes off the grid in Minnesota.
“We started developing community solar in the United States about two years ago and these are the first of many projects we are executing on. Our team here at Solar Provider Group is excited about bringing a lot more community solar online in several other states, and we are thrilled how it lowers power prices and carbon foot print for communities.” - Sebastian Seyfarth, CEO
Community Solar is an easy, more affordable way to share the benefits of renewable energy by building large solar sites rather than installing solar on individual rooftops. This method gives utility customers the opportunity to participate in the benefits of solar without having to put panels on their homes or properties. Local homes and businesses can benefit by subscribing to a portion of the energy produced to receive net metering credits from a single clean energy project. Community Solar means savings on the electricity bill and a healthier, stronger community.
About Solar Provider Group
Solar Provider Group is an international solar development and investment company, focusing on ground mounted and large-scale rooftop solar projects. SPG specializes in the development, financing, engineering, construction as well as operations and maintenance of solar installations and has completed over 200 projects accumulating in an annual reduction of more than 70,000 tons of CO2 emissions globally. To learn more about Solar Provider Group, please visit www.solarprovidergroup.com.
About Syncarpha Capital
Founded in 2009, Syncarpha Capital is a New York-based private equity firm dedicated to developing, acquiring, financing, owning and operating distributed- and utility-scale photovoltaic (PV) solar and other renewable energy systems across North America. Partnering with experienced developers, installers, engineers, and EPC contractors, and working closely with its customers, Syncarpha Capital 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 owns and operates over 92 MW of solar assets throughout the United States in 9 different states. To learn more about Syncarpha, please visit www.syncarpha.com.