Boston, MA (PRWEB) November 08, 2013
Nexamp, a Massaschusetts-based solar power producer and Point Judith Capital portfolio company, today announced the completion of Rhode Island’s largest rooftop solar array in New England on two buildings in West Davisville, RI. The new 8,500-panel array covers an area the size of three-and-a-half football fields and will generate nearly 3 million kilowatt-hours per year, more than any other rooftop array in New England.
The solar project, developed and built by Nexamp, was constructed atop two former Navy buildings owned by West Davisville Realty Co., LLC in the Quonset Business Park. The array will feed energy directly into National Grid’s distribution network and will generate enough electricity annually to power roughly 500 homes.
“Nexamp has once again demonstrated its ability to develop, finance, and build pioneering projects that deliver reliable solar solutions to its clients and partners, and is poised to continue its growth in New England and beyond,” said David Martirano, Co-Founder and General Partner at Point Judith Capital and Director at Nexamp. “Thanks to the innovative policies adopted by leaders like Governor Chafee and his Administration, New England is leading in the clean energy economy. We are proud to be part of this landmark project in Rhode Island.”
As a leading independent solar power producer, Nexamp develops, builds, owns, and operates distributed and utility-scale solar projects. Nexamp delivers integrated solutions – from project development and financing through construction and asset management – to ensure that its clients and partners maximize the value of their solar energy investments. The company has installed nearly 200 solar projects across New England totaling more than 25 MW of solar generating capacity.
About Point Judith Capital
Point Judith Capital is a leading early stage venture capital firm based in Boston, Massachusetts. The firm focuses on investments in software and technology enabled service companies. They take an active approach to investing, striving to build collaborative relationships with portfolio company management. They have constructed the firm and their team around the strategy of building market leading companies with innovative founders and serial entrepreneurs. The firm and its partners have backed market leading companies such as Optasite, Nest Labs, and Yandex.