Enhanced Capital, a national investment firm, announced that it has financed a solar energy portfolio in collaboration with Green Street Power Partners (GSPP), generating clean energy in New Jersey, California, Connecticut, New York and Massachusetts through the federal Solar Investment Tax Credit program.
Enhanced provided $10.2 million in tax equity to finance 11 distinct projects comprising the 10.25-MWDC community and commercial solar portfolio. The energy output will be available to a variety of commercial, industrial and residential customers.
“Environmental sustainability and access to renewable energy are at the forefront of our mission,” said Dan Packard, director of renewable energy at Enhanced Capital. “Enhanced Capital is proud to have provided the tax equity funding to make these projects a reality.”
With over 85 megawatts of solar assets under management or construction, GSPP is a nationally recognized commercial solar developer, owner and operator. The company specializes in providing solar energy systems for businesses, schools, nonprofits and municipalities.
“We are proud to partner with Enhanced Capital to advance clean, renewable energy in the commercial and industrial sectors,” said Scott Kerner, CEO of GSPP. “We are excited about the benefits each system in this portfolio will bring to its respective communities, and we hope to partner with the Enhanced team on future opportunities.”
News item from Enhanced Capital