The five projects will total more than 2 MW
Howell, NJ – April 19, 2022: Infiniti Energy, a full-service solar power developer and independent power producer is developing and constructing five solar projects at sites owned by Kaplan Companies.
Kaplan Companies, a family-owned real estate firm that has been in business since 1952, was founded on the dream to create beautiful neighborhoods built for lasting value. Infiniti Energy has been proud to partner with forward-thinking Kaplan Companies, knowing solar will add to the lasting value of all five properties.
The five projects, totaling more than 2 MW, will be completed under three different ownership models, including community solar, solar power purchase agreements (PPA), and direct ownership.
Camelot at Bayonne Apartments in Bayonne, NJ was the first of the five projects to be completed in June 2021, with Camelot at Townekake in Sayreville, NJ completed in December 2021. The other three will be completed and operational by June 2022.
“Working with Kaplan on these solar projects has been good for Infiniti Energy to show the three ownership models we work with all provide strong value to real estate firms. Kaplan has chosen to get ahead of a market in which owners and renters are demanding more sustainable living spaces. By showing that these solar ownership models not only provide more sustainable living, but they also make sense financially. Energy rates can be locked in and additional revenue can be generated from previously unused roof space,” said Michael Kushner, Infiniti Energy CEO.
“Our number one core value at Kaplan is ‘do the right thing’. Solar is the right thing to do. It not only provides clean energy to our communities, but it makes financial sense. And partnering with a trusted company like Infiniti Energy has given us the confidence that it has all been done right,” said Jason Kaplan, president of Kaplan Companies. “It makes so much sense, we even added solar to our residences,” Mr. Kaplan added.
Projects include:
- Camelot at Bayonne – 156 kW
- Camelot at Townelake – 201 kW
- Gateway at Carteret – 180 kW
- Merriewold at Highland Park – 308 kW
- Kaplan Community Solar – 1,189 kW
New Energy Equity LLC is a financing partner to Infiniti Energy for the portfolio and Kaplan Community Solar is jointly developed with Nexamp.
Media Contact
Andrew DeVito
Renati Solutions
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About Infiniti Energy
Infiniti Energy is an experienced, agile solar Independent Power Producer providing EPC and long-term financing to select clients and to other solar companies. Infiniti personnel have over 500MW of combined experience in the public and private sectors including Fortune 100 portfolios and government entities. Through a partnership with Upper Bay Infrastructure, Infiniti provides a flexible $260M financing platform to work collaboratively and provide uncommon power for unique clients. For more information about Infiniti Energy, please visit www.infinitienergy.com.
About Kaplan Companies
Kaplan Companies began in 1952 with a dream to create beautiful neighborhoods built for lasting value. Now, more than four decades and 25,000 homes later, the Kaplan name has become synonymous with top-quality homes and long-term value in today’s residential market. Few companies in the industry can match the level of service, integrity and professionalism that Kaplan Companies provides. Today, Kaplan Companies is dedicated to making the dream of home ownership a reality for you and your family. To learn more, visit ThinkKaplan.com.