Onyx Renewable Partners L.P., a leader in the development and finance of commercial and industrial (“C&I”) and small scale utility solar projects in North American markets, today announced that it has fully energized its 700kw carport installation for Summit Medical Group (“SMG”) at 140 Park Avenue, The Green, in Florham Park, New Jersey. Onyx constructed the project and will own and operate same under a power purchase arrangement with Summit Medical Group. “Carports present a myriad of different challenges, but enable an efficient use of mostly dormant land to enhance the value proposition of solar to the DG marketplace,” says Matt Rosenblum, CEO of Onyx. “As we continue to expand the amount of assets under management, we are pleased to bring on this carport structure early in our development cycle to demonstrate our commitment to building a diversified portfolio of assets.”
Summit Medical Group (SMG) is the largest privately held multispecialty medical practice in New Jersey. SMG maintains a 42-acre healthcare campus in Berkeley Heights and more than 65 additional practice locations in central and northern New Jersey. As an East Coast premier multispecialty group, SMG has provided exceptional primary and specialty care since 1929.
Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors. The Onyx team brings over 250 years of collective industry experience and perspective, having developed more than 1 GW of renewable projects. As a full service firm with capabilities including development and construction through financing and operations, Onyx is able to provide creative solutions to large energy users and land owners in North America. Onyx prides itself on its ability to bring together exceptional talent with deep industry knowledge to solve challenging issues for clients looking to maximize renewable power generation. Onyx is headquartered in New York City.