In order to generate affordable clean energy to communities nationwide, Enhanced Capital works with developers to provide funding through the federal Solar Investment Tax Credits for solar energy projects. Enhanced’s latest project is in collaboration with Green Street Power Partners (GSPP), a leading commercial solar developer, owner and operator. GSPP focuses on providing solar energy systems for businesses, schools, nonprofits and municipalities.
Since its founding in 2014, GSPP has over 85MW of solar assets under management or under construction. In October, GSPP was recognized as one of Inc. Magazine’s America’s top 5000 Fastest Growing Private Companies for 2019, listed as #620 on the overall list and #3 in Connecticut.
Enhanced provided $10.2 million in tax equity to finance the 10.25 MWdc portfolio with GSPP consisting of eleven distinct projects located in New York, New Jersey, California, Massachusetts, and Connecticut. Combined, these projects are estimated to produce 12,900 MWh in their first year of operation – the carbon dioxide offset equivalent of removing nearly 2,000 cars from the road. The energy output will be available to a variety of commercial, industrial and residential customers.
“We are proud to partner with Enhanced Capital to advance clean, renewable energy in the commercial and industrial sectors,” said Scott Kerner, Chief Executive Officer 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.”
Source: Enhanced Capital
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