Syncarpha Capital announced it achieved commercial operations for the project, which will supply renewable energy to Central Maine Power customers.
A Pacific Northwest National Laboratory study found that allowing customers to opt for real-time power rates, and shift some consumption to lower-priced periods, would lower customer bills 10% to 17%. A pilot study has shown that real-time pricing works, and more pilots are underway.
Also on the rise: DNV aims to achieve FPV-specific reference standards for floating solar PV. UGE develops community solar project on Maine landfill. DOE seeks input on $508 million long-duration energy storage initiative. BlueWave acquired by infrastructure investment firm, Axium. CommonBond banks on residential solar financing success.
The project is part of a larger 38 MW portfolio the company is developing across the state.
Standard Solar and Acadia Energy partnered to repurpose the industrial land.
The 7 MW installation is part of a larger 70 MW portfolio in Maine, purchased by Goldman Sachs in late 2021.
The acquisitions bring Standard Solar’s owned assets above 20MW in Massachusetts and above 50MW in Maine.
The developer is active in community solar, multifamily, commercial, industrial, and rooftop markets.
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