RC Cape May Announces Sale of Solar Development
HOUSTON, TX – January 26, 2012 — Rockland Capital, LLC (“Rockland”) announced today that its affiliate, RC Cape May Holdings, LLC (“RC Cape May”), has reached an agreement to sell the solar development at its BL England facility and execute a long-term lease with Greentech Global Energy (“GTG Energy”).
GTG Energy will construct the approximately four megawatt photovoltaic solar generating facility, as well as a community park, on the abandoned golf course adjacent to the 447 megawatt BL England Generating Station in Beesley’s Point, New Jersey. Construction is expected to start in mid-2012.
The park will be located adjacent to the solar facility and will feature a display with a tutorial on solar power, walking paths, park benches and other civic amenities.
“Rockland is excited to take part in the first step towards transforming the energy footprint in Southern New Jersey and looks forward to playing an active role in the coming years with further changes at the BL England site,” said Scott Harlan, Managing Partner of Rockland Capital.
Energy Asset Advisors, LLC advised RC Cape May on the sale. Financial terms of the transaction were not disclosed.
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York.
About Greentech Global Energy
Greentech Global Energy, a renewable energy power company, provides finance and development services for the renewables industry. Based in Miami, Florida, GTG Energy is developing strategic partners in the Americas for utility-scale solar development and other energy efficiency projects. GTG Energy goal is to develop a trans-regional strategic set of market entry points, relationships and distribution outlets to speed the deployment of its products into the market. For more information about GTG Energy visit www.gtgenergy.com.