Standard Solar acquires 6.97 MW community solar portfolio in Maine

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Contributing to the company’s existing 50 MW portfolio in Maine, Standard Solar has acquired a 6.97 MW, 17,785-panel community solar project in Trenton. This is the town’s first large-scale community solar project, which will bring clean energy savings, local economic development and increased resiliency to these area businesses for many years.

“This newest addition to our ownership portfolio in Maine signifies an important step in our push to bring cleaner energy to business and communities and our nation closer to its decarbonization goals,” said Harry Benson, Director, Business Development, Standard Solar. “Standard Solar is always seeking opportunities to fund and acquire additional projects, and we were quick to capitalize on Maine’s 2019 decision to embrace policies that support solar growth.”

As part of the state’s Net Energy Billing (NEB) program, nine of Maine’s leading subscribed businesses will receive a 15-25 percent energy savings, sharing the benefits without having to connect to it or invest in its development. NEB, overseen by the Maine Public Utilities Commission, enables businesses and municipalities to receive financial benefits from clean energy produced by a local solar array.

“We expect community solar to be a critical part of Maine’s energy mix going forward,” added Benson.

The solar farm will generate an estimated 10,345 MWh of clean energy each year, enough clean energy to offset the equivalent of 825,000 gallons of gasoline consumed and 1,332 homes’ electricity use for one year.

The project utilizes bifacial solar modules – double-sided panels that will help the system generate an additional 15% of output from ground reflection, something particularly advantageous given Maine’s snowy winters.

The project is expected to be completed by summer 2022.

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