|
||||||||||||
|
| ||||||||||||
 | ||||||||||||
SUMMARY PV DEVELOPMENT HISTORY
|
||||||||||||
CFS began in 2008 as an expert resource center to prequalify solar projects to investor-grade standards, then help get them financed and built.
Between 2009 and 2020 CFS also co-developed about 30 megawatts of ground-mounted solar projects in Western Massachusetts and New Jersey. In general, our Massachusetts projects averaged over 5 MWp (DC) each, involved total capital investment exceeding $60,000,000, and produced IRRs over 10% (unlevered, 20-year cumulative annual average).
For example, our initial project was the largest U.S. solar facility on a closed hazardous-waste landfill to that date. That project has outperformed production estimates by about 10% annually since coming on-line in 2011. Our second project, in Chester MA, involved the largest power-purchase agreement (PPA) with a MA municipal utility at that time.
CFS ceased operations at the end of 2020 after completing its Massachusetts project pipeline. Its SREC placement and portfolio-management functions for long-term and other corporate clients have been assumed by Solar Shield LLC of Washington DC.
CFS Southwick MA PV projects, completed 2015-2018, co-development partners Lodestar Energy LLC (Southwick 2 and 3), Kearsarge Energy LLC (Southwick 1, in distance)
CFS Chester MA PV project, completed 2014, co-development partner Kearsarge Energy LLC
CFS Project (Closed Hazardous-Waste Landfill), Bridgeport NJ, completed 2011: 1.54 MW, Host/Financier Clean Harbors, Inc. (NYSE CLH)
Sourcing Capital & Executing Strategies for Renewable Energy Projects
BOSTON MA • WASHINGTON DC
on or through this site should be interpreted as providing legal advice or creating an attorney-client
or confidential relationship with any person or entity, without a formal engagement.