Back to top
Reported by Captona Partners on 15 January 2019

Captona continues to grow its Infrastructure Portfolio and adds two more solar assets situated on Landfills in Rhode Island

(Courtesy of Captona Partners LLC)

Captona, a North America-focused investment company specializing in power generation and energy infrastructure, announced today the continuing expansion of its portfolio of solar assets with the recent commercialization of two solar plants in Rhode Island.

The plants are built on a private landfill that had been capped and closed for decades, thereby putting idle land to valuable use for surrounding communities. The plants use state of the art equipment including Sungrow inverters, LG Panels and RBI Racking solution all constructed by Conti Solar. The systems are 1.59 MWdc and 2.20 MWdc respectively.

Together, the two systems provide clean power for the Town of Johnston and City of Providence, Rhode Island, and will save taxpayers millions of dollars in part by offsetting costs for municipal buildings and schools, all while producing clean energy.

"We are always proud to be involved with projects like these that offer so many benefits beyond broadening our portfolio of solar, wind and other generation assets," says Izzet Bensusan, founder and managing partner at Captona. "These assets are not only providing sustainable energy on otherwise unusable land, they are also saving taxpayer dollars, diversifying the regional energy supply, and supporting local labor."

Captona partnered with developer Southern Sky Renewable Energy RI, LLC on these projects.

"As a Rhode Island business, we care about the future of our state. I care about the condition of the environment that I will leave for my children and future generations," says Ralph A. Palumbo, president of Southern Sky Energy. "We are proud to work with cities and towns across Rhode Island and with other organizations to reduce their energy costs and their burden on the environment."

References

[1]

Captona Partners LLC. Press release - Captona continues to grow its Infrastructure Portfolio and adds two more solar assets situated on Landfills in Rhode Island. URL: https://www.prnewswire.com/news-releases/captona-continues-to-grow-its-infrastru.... [Date Accessed: 15/01/2019].

Business & Finance

28 Jan | Corporate clean energy buying surged to new record in 2018

Corporations purchased 13.4 gigawatts of clean power through long-term contracts, more than doubling 2017’s total, helped by demand from new industries and previously untrodden markets

Business & Finance

16 Jan | Enel sells 540 MW of renewable capacity in Brazil for 700 million euros

  • Agreement signed with Chinese company CGNEI to sell 100% of solar plants Nova Olinda (292 MW) and Lapa (158 MW) as well as the 90 MW Cristalândia wind farm
  • The transaction is aimed at freeing up resources that can finance Enel’s further renewable development in Brazil, while the company will continue O&M activities on the assets sold
  • Closing of the deal expected by 1Q 2019

Business & Finance

15 Jan | Cepsa and Masdar focus their collaboration on renewables in Spain and Portugal

  • The agreement sets the guidelines to grow the portfolios of both companies in wind energy and solar PV
  • Cepsa is interested in establishing a 500-600 MW capacity in the next five years

Business & Finance

15 Jan | Nautilus Solar Energy Acquires 3 MW Community Solar Portfolio In Rhode Island

Nautilus Solar Energy, LLC ("Nautilus"), a leading national solar project acquisition, development and asset management company, announced the acquisition of a 3 MW community solar development from ISM Solar Development, LLC ("ISM Solar"), a developer of large commercial and utility-scale solar proj

Project Development & Execution

04 Dec | Captona Commissions Four New Solar Farms in Rhode Island

North America-focused energy investment firm continues portfolio growth with commercial operation of four solar projects under the Rhode Island REG program

Business & Finance

06 Nov | Captona Partners Acquires 6 MW Solar Farm In Rhode Island

Energy Investment Firm Continues Vigorous Portfolio Growth with the Addition of Brownfield Solar Farm