Gardner Capital Celebrates the Completion of Independence Power & Light Phase 2
June 11, 2018
Gardner Capital Celebrates the Completion of Independence Power and Light Phase 2
Gardner Capital, a renewable energy and housing focused Private Equity Firm based in St. Louis, Missouri, is pleased to announce the completion of IPL2, the second phase of a partnership with Independence Power and Light to bring renewable energy to Missouri. IPL2 is the latest addition to the Gardner Capital Solar Portfolio in Missouri. Independence Phase Two was completed in partnership with MC Power Companies, Gardner Capital, the City of Independence and Independence Power and Light and represents Gardner Capital’s continued commitment to provide Missourians with clean, reliable, and affordable energy.
Independence Phase Two (“IPL2”) will provide the City of Independence with 10.85MWdc of additional generation capacity for a total of 14.7MWdc when combined with Independence Phase One (“IPL1”), which was completed in March of 2017. In all, the Independence Power and Light solar farm will generate electricity for more than 1,800 households.
“We are delighted to continue achieving our mission of improving peoples’ lives through clean, affordable energy, especially in our home state of Missouri. Community Solar projects, like IPL1 and IPL2, allow us to do this in a way that also incorporates the desire of the energy users of this State to continue to focus on the production of clean, renewable and affordable energy – something that will drive value for many years to come and will act to provide a competitive advantage for Missouri Companies. Together, IPL1 and IPL2 represent our largest solar installation to-date, and we expect to continue expanding our long-term partnerships to facilitate larger projects. We’d like to thank MC Power, the City of Independence, and Independence Power & Light for their support on both phases,” said Michael Gardner, CEO & President of Gardner Capital.
Gardner Capital celebrates with MC Power as well as the City of Independence, as it continues to increase its renewable energy production. The partnership of Gardner Capital and MC Power Companies, which has installed more than 40MW of solar generation capacity in Missouri alone, will continue to expand its production capacity for renewable energy in Missouri.
About Gardner Capital
Gardner Capital is a solar, renewable energy and housing development and investment company headquartered in St. Louis, Missouri with primary regional offices in St. Louis, Dallas, San Francisco, Atlanta, and Springfield, Missouri. Gardner Capital has invested and syndicated more than $3 billion through various tax credit programs, including federal solar investment tax credits. Gardner Capital’s Solar Division was founded in 2014, leveraging over 20 years of experience and tax credit expertise to sponsor, finance and partner with developers and investors throughout the United States. Our team brings certainty of execution, thorough due diligence and professionalism to all our solar development opportunities. Visit www.gardnercapital.com for more information.