Syncarpha Capital gets nod to operate first Community Solar in Maine

Sept. 9, 2022

Community solar developer Syncarpha Capital has obtained regulatory permission to operate its first project in Maine that will power more than 1,000 households connected to the Central Maine Power grid.

Located in Maine's capital city, Augusta, the solar farm is built on a land owned by Syncarpha's partner, Acadia Energy, and features a ground-mounted photovoltaic system with a capacity to generate 6.5 MW of electricity.

“It is always a great feeling for us to see residents and the environment benefit from the transformation of unused space,” Michael Atkinson, Director of Development at Syncarpha Capital said. “We are fortunate to have partnered with Acadia Energy and are happy to be a part of helping Maine reach its clean energy goal of being 100% renewable and look forward to seeing more community solar throughout the state.”

Arcadia Energy also has worked with Standard Solar on developing a 7.5-MW solar farm at an industrial park in Fort Fairfield, Maine. 

Central Maine Power customers can subscribe to the community solar at no upfront cost, according to the release.

Syncarpha Capital is a New York-based private equity firm focused on utility-scale and distributed solar projects in North America.