True North Solar (Salisbury, MA)
Located 30 miles north of Boston, MA, True North, a 5.7 MW DC ground-mounted project, was one of the earliest large scale SREC I projects in Massachusetts. All energy generated by the system is being purchased by local municipalities and school districts. When construction was completed in August of 2012, this solar project was the largest in the Commonwealth of Massachusetts and one of the largest in the Northeastern U.S. Kearsarge partnered with the site owner on the later stages of development in order to secure financing for the project and assist in completing development. Kearsarge performed key due diligence steps, deal structuring, worked with multiple sources of funding, and explored several financing approaches before partnering with an international firm to complete the project.