Strong Future Forecast for Renewable Energy

Wind, solar and other forms of renewable energy could be the fastest growing power sources over the next few decadesBy Benjamin Hulac and ClimateWire In its forward-looking report for the year, the U.S. Energy Information Administration forecasts renewable energy will be the fastest-growing power source through 2040. New investments in renewable energy rose from $9 […]

NuGen Acquires 4MW Operational Massachusetts Solar Project

BRISTOL, R.I., March 9, 2015 /PRNewswire/ — NuGen Capital Management is pleased to announce the recent acquisition of an operational 4MW SREC 1 solar project in Tolland, Massachusetts. This marks the largest purchase of a fully operational project by NuGen. The electricity generated by the project is sold to two local Municipalities. This latest addition […]

NuGen Capital Partners with Eastern Bank to Finance $27M in Massachusetts Solar Projects

Bristol, RI, Feb. 10, 2014 – NuGen Capital Management announced that it has recently partnered with Eastern Bank to finance over $27 million of solar projects in Massachusetts. The electricity generated by the projects is sold to Municipalities, universities and small business in Massachusetts. The projects are all operational and bring NuGen’s Massachusetts SREC1 solar […]

Alpha Rho, New England’s Largest Plastic Box Manufacturer, Goes Solar

Fitchburg, MA — (ReleaseWire) — 12/02/2014 — Plastic box manufacturer, Alpha Rho, is once again reducing its carbon footprint. A Rhode Island company recently built a solar power plant in Lunenburg, MA, and the company supporting the Lunenburg solar-farm project, NuGen Capital Management struck a deal with the North Central Massachusetts Chamber of Commerce to sell its net metering […]

NuGen Capital Announces Completion of 10 Mega-Watt Massachusetts Solar Systems

BYD supplies high-efficiency solar panels for project BRISTOL, R.I.–(BUSINESS WIRE)–NuGen Capital, a U.S. renewable energy investor and developer, announced today that it had completed several solar farm projects in Massachusetts totaling over 10 MWDC power. The four solar farms are located in the towns of Lunenburg, Whatley and Hadley, MA. These projects generate net metering […]

Nexamp and NuGen Complete 2.4 Megawatt Solar Array at Massachusetts Farm

Solar Arrays at Mass. Farms Deliver Energy Savings to University of Massachusetts Amherst and Enhance its Sustainability Goals BOSTON, MA–(Marketwired – Jul 31, 2014) –  Nexamp, a leading Massachusetts-based solar solutions provider, and NuGen Capital Management, a private equity firm investing in renewable energy and real estate, today marked the first month of operation of […]

Solectria’s SMARTGRID 500 Inverters Chosen for 13 MW in Massachusetts

Lawrence, MA – May 6, 2014 Solectria Renewables, LLC, a leading U.S. PV inverter manufacturer, announced today that its SMARTGRID 500 Inverters (SGI 500) have been purchased by NuGen Capital for five projects totaling over 13 MW in Massachusetts. All five systems in Massachusetts are ground-mounted. They are located in Swansea, Lunenburg, Whatley and Hadley. […]

A Ray of (Local) Sunshine for Manufacturers

LIVIA GERSHON – SPECIAL TO THE WORCESTER BUSINESS JOURNALWorcester Business Journal, Feb 17, 2014 – Once upon a time, if you wanted to make things in North Central Massachusetts, you built your mill on a river, or dug a canal, and took advantage of a natural power source. Today, some local manufacturers still do something […]

Owner Sells Lunenburg Solar Facility

By Katina Caraganis , kcaraganis@sentinelandenterprise.comSentinel and Enterprise News, October 8, 2013 – A Maryland-based company trying to bring a large-scale solar facility to property off Electric Avenue is selling its stake in the project to NuGen Capital. EPG Solar and the Board of Selectmen executed a power-purchase agreement with the town earlier this summer but […]