Aspen Power acquires 37 MWdc neighborhood solar portfolio in Maine

Aspen Power has acquired a portfolio of 15 ground-mounted neighborhood solar tasks in Maine. The tasks vary in measurement from 1.4 MWdc to 7 MWdc for a complete of 37 MWdc and are positioned throughout the state, from the southern area by way of Bangor.

“We are proud to be a part of Maine’s renewable energy transition and are committed to providing clean and sustainable energy solutions to our communities,” mentioned Dan Gulick, senior VP at Aspen Power. “We believe that the acquisition of these solar projects is an important step towards achieving that goal, and we look forward to bringing all of them online to benefit the communities they serve.”

One of the tasks in Berwick, Maine, has already reached industrial operation, with a capability of two.36 MWdc solar technology. The energy produced by all of the tasks will probably be utilized by neighborhood solar subscribers within the state and assist Maine’s objective of attaining 80% renewable energy by 2030.

“We are thrilled to have found a partner in Aspen Power who shares our vision for clean energy and sustainable communities. We look forward to seeing these projects come to fruition under their leadership,” mentioned Clarke Fenner, the unique developer of Aspen’s Maine portfolio and present CEO of Senergy Solar Development.

Aspen makes Pennsylvania acquisition

Earlier this month Aspen additionally acquired an preliminary 10 ground-mounted solar tasks in northwest Pennsylvania from Sunrise Energy LLC. These websites, totaling 42 MWdc, are the beginning of Aspen’s settlement with Sunrise for the event of an 84 MWdc portfolio and characterize Aspen’s first part of its multi-hundred MW Pennsylvania technique.

The tasks have been acquired by Aspen Power from Sunrise Energy, and development of the websites is anticipated to start within the coming months. All the tasks will probably be net-metered below Pennsylvania’s Alternative Energy Portfolio Standard Act, permitting Aspen Power to generate energy and promote extra electrical energy again to the grid. This will assist to cut back carbon emissions and promote a extra sustainable future within the Keystone State.

“We are excited to announce the acquisition of these solar projects from Sunrise,” Gulick mentioned. “These projects are a significant step towards our goal of expanding our renewable energy portfolio and providing clean, sustainable energy to communities across Pennsylvania.”

Pennsylvania has set a goal of attaining 18% of its electrical energy from renewable sources by 2025. These industrial internet metering solar tasks will assist advance that objective whereas permitting residents, companies and different organizations to take part within the renewable energy future.

In November 2022, Aspen secured a $350 million funding from Carlyle and purchased Safari Energy, considerably increasing the corporate’s footprint within the industrial and industrial solar market. With the objective of reaching gigawatt scale by mid-decade, Aspen Power is dedicated to advancing the transition to a extra sustainable energy future.

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Tags: acquisition, Aspen Power, industrial and industrial, Community Solar

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