Syncarpha Capital developing 74-MW community solar project portfolio in Maine
Updated: Mar 27
Syncarpha is excited to share that we are in the process of developing community solar projects in Maine. Our sites include locations in Augusta, Old Town, Corrinna, Edgecomb, Pittsfield, Readfield, Troy, Wiscasset, Belfast and Waldoboro, among other potential areas.
"Comprised of 11 projects located throughout the state, this portfolio includes projects in Augusta, Belfast, Corinna, Edgecomb, Old Town, Pittsfield, Readfield, Troy, Wiscasset and Waldoboro, and some are scheduled to break ground this summer. These projects will connect to the local electric distribution systems.
Central Maine Power residential customers who sign up with Syncarpha will receive guaranteed savings on their electric bill. Additionally, certain projects will allow commercial and industrial customers to participate, who will see guaranteed savings on their electric bills, as well.
As Syncarpha and Pacolet Milliken’s expansion in Maine unfolds, additional projects are currently in the permitting process, and Syncarpha hopes to have them start construction later in 2021 or early 2022.
Land arrangements like these will help Maine to achieve the Renewable Portfolio Standard goal of securing 100% of its energy from renewables by 2050.