Asset management firm Kendall Sustainable Infrastructure has completed over $50 million of newly built distributed solar projects. The portfolio consists of 37 projects with a combined capacity of approximately 20 MW of power, or enough power for over 3,000 homes.
The Kendall Sustainable Infrastructure portfolio serves utilities, municipalities, universities, school systems, hospitals and businesses, and includes community solar projects that serve individual households.
“We applaud our teammates, partners and stakeholders who have put their hard work into realizing this milestone with us,” said managing director John Chaimanis. “The distributed segment of the market is expected to grow nationally by around 11,000 MW over the next five years, and we are well positioned to grow with it. Each of our projects involves local developers, engineers, construction workers and other professionals, which means not only clean energy, but also jobs for local communities.”
The announcement comes at a time when larger competitors have abandoned or ignored the smaller-sized “distributed generation” market, opting into larger utility-scale projects.
“Distributed generation has a vital role to play. It is generated close to where it is consumed, readily interconnected to the grid and dependable,” said Ken Lehman, managing director. “It also has local impact. Our projects help individuals, communities, businesses, and the environment, so we see it as $50 million worth of positive impact. Our off-takers benefit from lower power prices. Local landowners benefit by putting available space to good use. And we all benefit from the production of clean power.”
News item from Kendall Sustainable Infrastructure