Soltage launches 1.2 megawatt Palmer, Mass. solar power station

NEW YORK, Nov. 25, 2013 /PRNewswire/ -- Soltage LLC, a premier North American solar power provider, announced today the official commissioning of the 1.2-megawatt (MW) solar power station located in Palmer, Mass.

The Palmer power station is the first commissioned asset of a previously announced $30 million investment partnership formed with NewWorld Environmental Infrastructure, L.P. to build and operate a portfolio of 11.6 MW of solar power generation assets in Connecticut and Massachusetts.

Electricity will be produced by more than 4,000 solar panels, which is enough to power the equivalent of 1,000 homes – all while creating zero emissions.

"We are thrilled to launch the Palmer solar power station, the first of six solar power stations in partnership with NewWorld," said Jesse Grossman, Soltage co-founder & CEO.  "Palmer will supply affordable, reliable and clean power to the people of central Massachusetts for a generation."

Everett Smith III, a founding partner of NewWorld Capital stated, "We are proud of our partnership with Soltage and the commissioning of this first asset in our portfolio. The Palmer solar power station provides clean, renewable energy for our customers, attractive long-term returns for our investors and also had the added benefit of creating nearly 5,000 union employment hours during construction."

For more information
Contact Nick Sangermano, tel (646) 415.4643 [email protected]

About Soltage
Soltage is a leader in the development, financing and operation of solar power stations for commercial, industrial and municipal clients. Since its founding, Soltage has successfully developed 23 solar power projects totaling more than 40 megawatts (MW) of distributed generating capacity. Soltage is backed by a group of investors, including independent energy company Tenaska, one of the largest privately held companies in the U.S. with approximately 11,000 MW of power generating assets under management. Soltage is headquartered in Jersey City, N.J. www.soltage.com

About NewWorld Capital Group
NewWorld Environmental Infrastructure, L.P. was established in collaboration with North Sky Capital to provide funding for clean infrastructure assets and companies. It is managed by NewWorld Infrastructure Group, LLC, an affiliate of NewWorld Capital Group LLC, and provides project equity for clean infrastructure assets and structured equity to companies engaged in deploying clean infrastructure. www.newworldcapital.net.

SOURCE Soltage LLC

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