UGE International Ltd, a community solar energy firm recently announced it entered into an agreement to design, finance, and build two new projects in Maine. According to the news release, the total value of both projects is estimated at $21.5 million. UGE expects to have the projects completed and operational within 24 months.
Once operational, the two community solar projects will generate a total of 11.8-megawatts of solar energy. The capacity, split among the dual installations, will then be used to provide solar energy to businesses and residents in unspecified townships in Maine. The community solar energy firm stated that the 11.8-megawatt capacity is not split evenly between the two. Of the two, the smaller will produce 5.6-megawatts and will be housed at the site of a contaminated industrial property.
UGE International had originally released a developmental plan for two community solar installations. In these plans, the two sites would allow residents to enjoy solar energy benefits while receiving a small credit on their monthly utility bill. With these solar farms, households can tap into the solar market at a rate lower than the typical power grid.
Tyler Adkins, UGE’s Director of New Markets spoke about the two projects and the uptick in solar projects throughout Maine. According to Adkins, the state’s adoption of public policy regarding solar has been directly responsible for its increase in solar projects. He even attributes “recent legislative action” to UGE’s ability to focus on Maine and deliver cheaper and cleaner energy options.
Adkins went on to talk about the company’s expectations going into 2021, stating that 2020 has been an exceptional year for the solar firm. Throughout the year, UGE has expanded its efforts across the Northeast United States and has resulted in a record year. Included in its portfolio were project sin New York State that helped increase the company’s revenue.