Also on the rise: U.S. solar electricity generation to surpass hydropower in 2024. China expected to dominate solar manufacturing through 2026. And more.
A Maine referendum would create a new publicly owned utility that could purchase and operate the assets of the state’s two investor-owned utilities. Advocates say that would speed Maine’s path to 80% renewables by 2030.
The Bangor, Maine 2.8 MW project is UGE’s largest community solar project to date and will be built on a vacant field on the outskirts of Bangor, owned by Grant Realty.
The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.
The three projects are expected to generate 27,600 MWh of low-carbon energy annually, enough to power 8,400 homes in Maine.
This latest acquisition from NextGrid brings Renewable Properties’ Maine portfolio to over 42 MW now in various stages of operation, construction, and development.
Syncarpha Capital announced it achieved commercial operations for the project, which will supply renewable energy to Central Maine Power customers.
The project is part of a larger 38 MW portfolio the company is developing across the state.
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