According to Nexamp, Inc., a Boston energy firm, it has purchased a series of ten Maine community solar projects from Dimension Renewable Energy of Atlanta. The developer is slowly growing its presence in Maine, and the ten projects will help increase its portfolio of solar programs across the state.
The Maine community solar projects, which were previously owned by Dimension Renewable Energy, an Atlanta-based clean energy developer, generate approximately 5-megawatts each. Nexamp did not reveal the price of the acquisition but confirmed that the projects are spread across locations like Milo, Lisbon, Livermore, Limerick, Madison, and West Paris.
There is no official count as to how many, but Nexamp states that many of the community solar farms already have permits. Those that don’t are expected to have them by the end of 2020. As of the time of the transaction with Dimension, Nexamp expects to commence construction sometime in 2021. How the ongoing COVID-19 pandemic could affect that timeframe was not addressed.
As Nexamp makes progress on the solar installations, it will be selling off portions to Central Maine Power and Versant Power customers. These subscriptions will provide customers with access to solar energy and up to a 15% credit on their monthly utility bill. In its announcement, Nexamp did not state how many subscribers it is looking to obtain for the new Maine community solar projects.
Along with the ten projects acquired from Dimension, Nexamp is developing additional farms in Maine. It has similar timelines for these projects and has already reached out to bring in subscribers.
The Nexamp projects are only a sliver of the investment being made into Maine’s solar energy programs. Other companies have laid out financial plans to help the state grow its output, which is in direct response to clean energy laws put in place by Gov. Janet Mills and her administration.