Monarch Private Capital begins providing state tax credit equity in North Carolina for renewable energy projects.
Monarch Private Capital has over 1/3 of the North Carolina renewable energy state tax equity market as a result of having invested in over 550 MW of renewable energy facilities as the North Carolina credit sunsets.
Desiring continuity in the renewable energy market, Monarch begins reviewing opportunities to develop solar energy projects.
Alchemy Renewable Energy is formed to finance, develop, own and operate renewable energy projects.
Alchemy Renewable Energy forms a strategic partnership, ARE RP Ventures, LLC, to build projects.
ARE brings 8 additional projects online across 3 states and establishes a $105MM balance sheet.