Rhode Island Portfolio

  • Acquisition
  • 26 MW
  • City of Central Falls, the YMCA, Johnson & Wales University, & other local off-takers
  • Acquired: 2023

Our first acquisition in Rhode Island is a portfolio of 10 operating projects ranging in size from 250 kW to 5.4 MW. These projects provide energy to local off-takers, including a community school, the YMCA, and a local university. One site is located on the property of WDCHOC, a local affordable housing authority that develops, constructs, and manages housing for low- and moderate-income families, the elderly, and persons with disabilities.

This Rhode Island portfolio, comprising both net-metered assets and Feed-in-Tariff (FiT) operating projects, demonstrated our ability to structure an acquisition to meet the seller’s needs. FiTs are an important component to our investment strategy, as they support the development of renewable energy sources by providing a guaranteed, above-market price for producers, and usually involve long-term contracts. This solar portfolio is a part of the latticework of renewable energy projects needed to help Rhode Island meet its 100% Renewable Energy Standard goal by 2033.