Standard Solar, Inc. has acquired a 6.97 MW community solar project, located in Trenton, ME. The acquisition will add to Standard Solar’s existing 50 MW portfolio in Maine.
The project uses bifacial solar modules, which enables the system to generate another 15% of output from ground reflection. This is a beneficial feature, especially during the snowy winters. Annually, the solar farm is expected to generate 10,345 MWh of clean energy, equivalent to offsetting 825,000 gallons of gasoline consumed and 1,332 homes’ electricity usage for a year.
The project is part of Maine’s Net Energy Billing (NEB), overseen by the Maine Public Utilities Commission and enables firms and municipalities to secure financial benefits from the clean energy produced from local solar arrays. The project will deliver energy savings of 15% to 25% to nine Maine businesses, which have subscribed.
Trenton’s first large-scale community solar project will improve resiliency, deliver clean energy savings and contribute to local economic development.
Standard Solar’s Director of Business Development Harry Benson said this acquisition will be a step towards providing clean energy to businesses and communities and its decarbonization goals.
He added, “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.”
