US-based RIC Energy North America and Rosemawr Management, a municipal-focused investment firm, have announced a financing partnership to fund interconnection deposits. This collaboration aims to facilitate the deployment of up to 450 MW of solar and energy storage projects in New York over the next three years. According to RIC Energy, the investment will boost Upstate New York’s power grid and provide discounted power to homes and businesses while creating full-time jobs. Leveraging its expertise in sustainable infrastructure, Rosemawr’s financial backing helps overcome key market barriers that have previously slowed solar and storage development in the region. RIC Energy claims that the partnership will help advance projects through the NYISO interconnection process and improve clean energy access for local communities.
RIC Energy and Rosemawr partner for NY solar growth
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)
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