Infiniti Energy is developing and constructing five solar projects at sites owned by Kaplan Companies, a family-owned real estate firm.
The five projects, totaling more than 2 MW, will be completed under three different ownership models, including community solar, solar PPAs and direct ownership.
Camelot at Bayonne Apartments in Bayonne, New Jersey, was the first of the five projects to be completed in June 2021, with Camelot at Townekake in Sayreville, New Jersey, completed in December 2021. The other three New Jersey projects (Gateway at Carteret, Merriewold at Highland Park, Kaplan Community Solar) will be completed and operational by June 2022.
“Working with Kaplan on these solar projects has been good for Infiniti Energy to show the three ownership models we work with all provide strong value to real estate firms. Kaplan has chosen to get ahead of a market in which owners and renters are demanding more sustainable living spaces. By showing that these solar ownership models not only provide more sustainable living, but they also make sense financially. Energy rates can be locked in and additional revenue can be generated from previously unused roof space,” said Michael Kushner, Infiniti Energy CEO.
“Our No. 1 core value at Kaplan is ‘do the right thing.’ Solar is the right thing to do. It not only provides clean energy to our communities, but it makes financial sense. And partnering with a trusted company like Infiniti Energy has given us the confidence that it has all been done right,” said Jason Kaplan, president of Kaplan Companies. “It makes so much sense, we even added solar to our residences.”
- Camelot at Bayonne – 156 kW
- Camelot at Townelake – 201 kW
- Gateway at Carteret – 180 kW
- Merriewold at Highland Park – 308 kW
- Kaplan Community Solar – 1,189 kW
New Energy Equity LLC is a financing partner to Infiniti Energy for the portfolio, and Kaplan Community Solar is jointly developed with Nexamp.
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