With backing from New York-based private equity firm Diamond Castle Holdings, NuGen Capital Management and KDC Solar have formed a joint venture to develop solar electricity generator systems in Carteret, New Jersey.
PRESS RELEASE
NuGen Capital Management, LLC (“NuGen”) and KDC Solar LLC (“KDC Solar”) announced today that they had formed a joint venture, supported by KDC Solar’s commitment from private equity firm Diamond Castle Holdings LLC, to develop, construct, own and operate commercial scale (1 to 10 megawatts) behind-the-meter photovoltaic (“PV”) solar electricity generating systems in New Jersey.
