RIC Energy and Rosemawr partner to deploy 450 MW solar and storage in New York

RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years. 

This partnership will help advance projects through the NYISO interconnection queue. 

Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities.

Jonathan Rappe, CEO of RIC Energy North America, highlighted the profound impact of this investment on Upstate New York’s power grid and communities. Josh Herlands, Head of Sustainable Infrastructure at Rosemawr, emphasized their commitment to providing flexible capital to drive the energy transition.