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.
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
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.
In this series, pv magazine will be exploring incentives and programs available to both installers and customers of all sizes looking to go solar state-by-state, across the country.
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.
Welcome to pv magazine USA. This site uses cookies. Read our policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.