Energy Tax Credits
$23 Million
Megawatts
19.4
Project Partner
Kearsarge Energy
Impact
Sustainability
Project Details
Innovative Environmental Impact
In partnership with Kearsarge Energy, a Boston-based developer with a focus on Community Solar initiatives, NT Solar financed over $23 million in solar tax credit investments for a portfolio of four installations located across Massachusetts, New Hampshire, and Rhode Island. This is NT Solar’s second investment with Kearsarge Energy and was made possible through NTCIC/NT Solar’s newly established Climate Impact and Revitalization Fund (CIRF).
The installations will include a variety of environmental and innovative aspects, including brownfield remediation, the utilization of land on a capped landfill, and the incorporation of battery storage for energy production. The off-takers include municipalities that will achieve savings on their conventional utility bills that may support a variety of community services. The installations will generate nearly 19.4 Megawatts (MW) of power.
Impacts
Environmental Sustainability
The 19.4 MW installations will generate an estimated 920 gigawatt-hours (GWh) over the life of the project, which:
7,800 homes
Generating electricity to take 7,800 homes off the grid for 25 years
720 Million Pounds of Coal
Equivalent of burning nearly 720 million pounds of coal
798,000 Acres of Forest
Sequesters same amount of carbon as over 798,000 acres of forest
73 Million Gallons of Gas
Offsets emissions from 73 million gallons of gas annually
About Kearsarge Energy
Partnership at Work
Kearsarge Energy is a full-service renewable energy project development, finance and holding company, with a mission to build a more sustainable world and to provide superior returns to all project stakeholders, including the communities in which they work.
Founded in 2009, Kearsarge has developed and financed more than 60 MW and $180 million of solar PV projects and is rapidly growing its business in select markets across the U.S.
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