True Green to acquire 37MW PV portfolio in Massachusetts from MAP Energy Solutions

Facebook
Twitter
LinkedIn
Reddit
Email
The projects, which are set to begin construction in the fourth quarter of 2017, are expected to be fully operational by late 2018. Image:

US-based solar development company MAP has sold off its 37MW carport and ground-mounted PV portfolio on commuter rail parking lots throughout the Greater Boston area to True Green Capital Fund (TGC).

As part of the deal, MAP and its affiliates will manage the development and construction of the solar projects, while TGC will offer long-term financing and own, operate and maintain the installations under a 22-year master lease with the Massachusetts Bay Transit Authority (MBTA).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Electricity generated by the projects will be sold to various towns and universities at a discount to current market pricing under long term Net Metering Agreements.

The projects, which are set to begin construction in the fourth quarter of 2017, are expected to be fully operational by late 2018. It is estimated that these installations will cut CO2 emissions by over 33,000 tonnes once finished.

Bo Wiegand, partner at TGC, said: It’s a win-win for all parties. These investments provide clean, lower cost energy to Massachusetts towns and universities, a stable source of lease revenue to the MBTA, and employ hundreds of highly skilled workers in the greater Boston area.  Our investors will benefit from the predictability and uncorrelated nature of long term power and SREC sales coupled with the benefits of real asset ownership.”

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 8, 2025
US solar tracker manufacturer Array Technologies has posted revenue of US$362.2 million in the second quarter of this year.
Premium
August 8, 2025
Energy storage escaped much of the pain inflicted on solar, but foreign entity restrictions may create some supply-chain challenges.
August 8, 2025
Solar PV is likely to become less accessible to low-income Americans after the Environmental Protection Agency (EPA) cancels the US$7 billion Solar For All scheme.
August 8, 2025
SolarEdge posted inverter shipments of 1.19GW in the second quarter of this year, alongside BESS sales of 247MWh.
August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines