RIC Energy, a renewable energy company, and Rosemawr Management, an investment firm specialising in municipal and sustainable infrastructure, have announced a financing partnership. This partnership will provide funds for interconnection deposits, supporting the development of up to 450 MW of solar and energy storage projects across New York over the next three years.
Furthermore, this financing aims to overcome a key market obstacle that has slowed the development of solar and energy storage projects in Upstate New York. Through this collaboration, RIC Energy will be able to expand its project portfolio, accelerate progress within the NYISO interconnection queue, and enhance access to affordable, clean energy for local communities.
RIC Energy, founded in 2005, combines Spanish heritage with global expertise to advance the clean energy transition. The company specialises in solar, hydrogen, wind, biogas, and battery storage. The company has been successful in delivering de-risked, high-value renewable projects ready for construction.
