Sea Oak and Signal Energize 7 MWs of Community Solar Projects
NEWS PROVIDED BY
Sea Oak Capital, LLC
December 15, 2020, 10:00AM ET
VERO BEACH, FL., December 15, 2020 – Sea Oak Capital, LLC (“Sea Oak”) and its EPC contractor Signal Energy (“Signal”) 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 a best in class speed of close and ease of transacting. In addition to its tax efficiency, by self-performing community solar offtake subscription, asset management and other key functions of its investments, Sea Oak’s low-cost structure and partnership approach allows it to provide superior value to its developer partners in the acquisition of operating and substantially developed solar and battery storage projects. Click here to submit a project opportunity for consideration by a Sea Oak analyst.
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.”
Signal Energy DG, headquartered in Chattanooga, Tennessee, is a leading full-service design/build contractor providing engineering, procurement and construction (EPC) services for DG, community solar, and utility-scale solar projects. Signal Energy DG is a subsidiary of Signal Energy, LLC. For more information, visit www.signalenergy.com.
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