Aspen Power Partners has acquired 53 MW of group solar initiatives in Maryland and Pennsylvania from Trajectory Energy Partners.
Trajectory will lead the event of the websites, and Aspen will present the monetary help – roughly $96 million – and oversee the design, subscriber administration and long-term possession of the property.
The portfolio consists of 10 initiatives throughout the mid-Atlantic area. Four of the websites are in Maryland and can take part within the state’s pilot group solar program. The remaining six websites are in Pennsylvania; they are going to be developed upfront of that state’s pending group solar laws. The portfolio features a group solar mission with a historic church in Prince George’s County, Md.; a group solar mission with a nonprofit basis working to protect a historic website in Prince George’s County, Md.; and a group solar mission on a reclaimed former coal mine in Clearfield County, Pa.
“We are very pleased to be working with a strong development partner like Trajectory. It is encouraging that we are expanding our geographical footprint, continuing to work with landowners to preserve their property for future generations, and advancing the energy transition,” says Dan Gulick, companion at Aspen Power Partners.
“We are excited to partner with Aspen on such a significant portfolio of projects,” provides Megan Strand, Trajectory’s companion and co-founder. “Aspen brings a wealth of experience and resources to developing community solar projects. With Aspen’s financial backing, we can deliver projects that provide clean energy and local economic development to the surrounding communities.”