Catamaran Renewables, a joint venture of Captona and South Jersey Industries (SJI), has announced a fourth acquisition for a 5.66 MW Solar and 5.2MWh Storage facility in Agawam, Massachusetts.
Adding storage to its Solar and Fuel Cell assets portfolio strengthens Catamaran Renewables’ commitment to decarbonization. Catamaran Renewables acquired the Agawam Solar and Storage project from Consolidated Edison Solutions.
The facility is eligible for the tariff-based Massachusetts SMART 3,200 MW declining block incentive program. It will ensure strong return on investment as the facility will continue to provide clean energy to more than 100 C&I community subscribers in Western Massachusetts.
All projects in Catamaran Renewables’ portfolio in Massachusetts and New York supplies clean and reliable power to local communities, contributing to the achievement of the state’s renewable energy goals.
"Captona's partnership with South Jersey Industries (NYSE: SJI) continues to push the boundaries of the energy transition as we add new technologies to our fleet. Investments in base-load technologies that promote grid stability and positively impact the community are at the forefront of Captona's decarbonization mindset," remarks Izzet Bensusan, Captona's Managing Partner and Founder. "We are excited for what 2022 has in store for our partnership as Catamaran continues to invest in and grow our Renewable Energy & Clean Fuel portfolio."
Captona is an investment firm focused on energy transition and decarbonization. SJI is an energy services holding company.
