Orlando, Fla., June 1, 2011 — Siemens Energy, Inc. has been selected by Syncarpha Capital to provide engineering, procurement and construction services for a 3-MW, ground-based photovoltaic power plant in Eastampton, New Jersey.
Construction is scheduled to begin in May 2011 and the plant is scheduled to go online in September 2011. Syncarpha Capital, an investment company launched to capitalize on opportunities in the alternative energy sector, will finance the solar power plant.
Using Siemens technology and plant performance guarantees, the solar facility will help to satisfy New Jersey’s rapidly growing demand for renewable power.
Syncarpha Capital is an investment company committed to removing the roadblocks to widespread adoption of solar energy by utilities, commercial and government electricity buyers.