Aspen Power Acquires Community Solar Portfolio in Maine

15 ground-mounted community solar projects total 37-MWdc, spanning the state

NEW YORK--(BUSINESS WIRE)--Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has acquired a portfolio of 15 ground-mounted community solar projects in Maine. The projects, ranging in size from 1.4 megawatts of direct current (MWdc) to 7 MWdc, total 37 MWdc and are located across the state, from the southern region through Bangor.

One of the projects in Berwick, ME has already reached commercial operation, with a capacity of 2.36 MWdc solar generation and is expected to produce enough electricity to prevent nearly 2,200 metric tons of CO₂ from entering the atmosphere every year. That is the equivalent of 4,500 barrels of oil consumed or 380 homes electricity use annually. 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 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 Vice President, 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.”

“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 Power recently 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.

For more information, please visit Aspen Power's new website at www.aspenpower.com.

About Aspen Power

Aspen Power is a distributed energy generation platform with the dual mission of accelerating and democratizing decarbonization. We partner with businesses, communities, and others in the industry to develop, construct, and operate renewable energy assets. Our experienced team is passionate about solving our clients’ energy challenges to deliver a sustainable future throughout the U.S. For more information, please visit aspenpower.com.