Sea Oak and Signal energize 7 MWs of community solar projects in Massachusetts

Community Solar array in Massachusetts

Sea Oak Capital, LLC and EPC contractor Signal Energy announced that they have completed the construction of two solar arrays in Massachusetts totaling 7 MWs of capacity. These are the first two projects in a Sea Oak portfolio that totals over 20 MWs qualified under the Massachusetts SMART community solar program.
 
“Community solar project investments have become one of the bedrocks of our growth strategy,” said Dan Poydenis, Chief Executive Officer of Sea Oak. “The completion of these projects assists the Commonwealth in meeting its renewable energy goals while providing substantial and long term savings to hundreds of local small businesses and non-profits.”

Sea Oak is a tax-efficient investment fund and asset manager that is rapidly growing its community solar and battery storage project portfolios across the United States.  Sea Oak self-monetizes the tax credits and depreciation benefits a project generates resulting in quicker and easier closings, said the company.  Nate Malo, Director of Business Development at Signal Energy adds, “Working with clients that operate efficiently and place a high value on quality engineering and craftsmanship, like Sea Oak, is the cornerstone of our business. Signal is honored to have helped make these projects a success and proud to have Sea Oak included on a long list of satisfied clients.”

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