Kearsarge Energy has commenced commercial operations for more than 34 megawatts of solar renewable energy and battery energy storage projects in Rhode Island and Massachusetts.
These 11 individual projects generate tax and lease revenues for New England municipalities and allow local governments, low-income housing developments, nonprofits, universities, local school systems, RI Public Transit Authority and universities to receive discounted energy.
Kearsarge Energy financed and developed these solar and battery energy storage projects using its own sponsor equity, partnering with financial institutions for debt and tax equity. Kearsarge will own and operate them for the long term.
“Our strong construction and financing partnerships were critical to our success in this environment, and we are both gratified and energized to see these sites commence operations for our many stakeholders,” said Andrew Bernstein, managing partner of Kearsarge. “In 2021–2022,
