Aspen Power acquires 37 MWdc community solar portfolio in Maine

Aspen Power solar acquisition

Aspen Power has acquired a portfolio of 15 ground-mounted community solar projects in Maine. The projects range in size from 1.4 MWdc to 7 MWdc for a total of 37 MWdc and are located across the state, from the southern region through 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,” said 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 projects in Berwick, Maine, has already reached commercial operation, with a capacity of 2.36 MWdc solar generation. The energy produced by all the projects will be used by community solar subscribers in the state and support Maine’s goal of achieving 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,” said Clarke Fenner, the original developer of Aspen’s Maine portfolio and current CEO of Senergy Solar Development.

Aspen makes Pennsylvania acquisition

Earlier this month Aspen also acquired an initial 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy LLC. These sites, totaling 42 MWdc, are the start of Aspen’s agreement with Sunrise for the development of an 84 MWdc portfolio and represent Aspen’s first phase of its multi-hundred MW Pennsylvania strategy.

The projects have been acquired by Aspen Power from Sunrise Energy, and construction of the sites is expected to begin in the coming months. All the projects will be net-metered under Pennsylvania’s Alternative Energy Portfolio Standard Act, allowing Aspen Power to generate energy and sell excess electricity back to the grid. This will help to reduce carbon emissions and promote a more sustainable future in the Keystone State.

“We are excited to announce the acquisition of these solar projects from Sunrise,” Gulick said. “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 target of achieving 18% of its electricity from renewable sources by 2025. These commercial net metering solar projects will help advance that goal while allowing residents, businesses and other organizations to participate in the renewable energy future.

In November 2022, Aspen secured a $350 million investment from Carlyle and acquired Safari Energy, significantly expanding the company’s footprint in the commercial and industrial solar market. With the goal of reaching gigawatt scale by mid-decade, Aspen Power is committed to advancing the transition to a more sustainable energy future.

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