Standard Solar acquires 35 MW solar portfolio in Maine
Five net energy billing (NEB) projects will now make solar energy accessible to homes, businesses and communities throughout the Mid-Coast and Down East regions in Maine. Standard Solar has acquired 35 MW of NEB solar projects in Maine. The company is funding the projects and will be the long-term owner and operator. Construction on all five projects is expected to begin over the next 12 months.
Maine’s NEB program allows customers to benefit from clean energy savings by offsetting their electricity bills from renewable energy projects like community solar.
“These projects will save Maine residents and businesses millions off their electricity bills, help boost Maine’s economy through job creation and bring reliable, affordable electricity to residents, businesses and towns,” said Harry Benson, Director of Business Development for Standard Solar. “We’re proud to play an integral part in growing the state’s clean energy transition and the state’s economy.”
The five ground-mount projects will generate revenue through taxes and local economic development for the state and local governments. Combined, they will produce 50 MWh of electricity, an annual reduction in CO2 emissions equivalent to 39,165 pounds of coal burned and 4,310,301 smartphones charged.
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