Summit Ridge Energy has begun construction in Maine on the first installation within a 13-project portfolio acquired from Revision Energy, totalling 44 MW in capacity.
The projects will operate under Maine’s NEB program, which allows customers to benefit from clean energy savings by offsetting their electrical bills with either owned or shared energy projects, like community solar, which, in turn, spurs further development of these assets within the state.
All of the projects developed under the portfolio are expected to reach commercial operation between 2022 and 2023. SRE will finance the projects via its dedicated funding platform with Osaka Gas US while Revision handles development, subscription, and construction of the portfolio.
In July, Summit Ridge entered into a joint venture with Osaka Gas USA Corporation to construct, own and operate over 120 MW of community solar projects throughout the state of Maine, with these projects representing the first leg of that commitment.
As for the electricity generated by the projects, Revision has subscribed a multitude of school districts, municipalities, hospitals, and local businesses.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.