Advantage Capital continues to provide needed tax-advantaged capital for small to mid-sized commercial, utility and community solar projects
Advantage Capital Solar Partners III, LLC has completed the solar investment tax credit financing of five community solar projects sited across New York state totaling 15 megawatts in generating capacity. The projects operate under New York’s Community Distributed Generation program and together generate approximately 18 million kilowatt hours of electricity annually, or enough energy to power the equivalent of 2,200 homes.
“Advantage Capital is pleased to have partnered with Delaware River Solar, New York’s leading greenfield community solar developer, in order to accommodate a successful closing,” stated Carl Weatherley-White, managing director and head of renewable energy at Advantage Capital. “By supporting their continued growth in the community solar market, we’re able to further extend local access to clean energy and provide our investors with predictable, stable returns.”
Source: Company Press Release