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Syncarpha Capital specializes in the development, ownership, and operation of solar and energy storage projects across the United States. The company designs and constructs on-site solar systems, providing comprehensive services that encompass site acquisition, project development, engineering, construction management, asset management, financing, and battery storage solutions. Their technical approach centers on distributed generation, spanning commercial, industrial, community solar, and small utility-scale installations.
The company was established in 2009 by Cliff Chapman and Richard Turnure. Their founding insight was to capitalize on the nascent opportunities within the alternative energy sector, creating an investment vehicle for assets characterized by long duration, strong credit quality, and attractive risk-adjusted returns. Syncarpha initiated its operations with projects in New Jersey, specifically targeting net metering markets, before expanding its development efforts into other Northeastern states and eventually across various regions of the U.S.
Syncarpha Capital serves a diverse customer base, including municipalities, utilities, businesses, and residential consumers through community solar initiatives. The company's overarching mission is to dismantle barriers to widespread solar adoption, striving to minimize risk and maximize returns for all stakeholders involved in their projects. They envision community solar as a significant catalyst for future growth, driving increased volume in the distributed generation market.
Syncarpha Capital has 1 tracked investment across 1 company. The latest tracked deal is $1.6M Series A in Cloud Sherpas in November 2010.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 2, 2010 | Cloud Sherpas | $1.6M Series A | JON Hallett, Syncarpha Capital, Vento Security Holdings | — |