Renewable energy developer Longroad Energy has financed and commenced building of the Three Corners Photo voltaic challenge in Kennebec County, Maine. The roughly $200 million challenge has been in growth for 5 years, and upon completion in late 2023 or early 2024, would be the largest photo voltaic challenge in Maine.
“We’re glad to achieve this essential milestone and grateful for the help of the cities of Benton and Clinton, Kennebec County and the residents of the realm,” mentioned Matt Kearns, chief growth officer of Longroad Power and a Scarborough resident. “Two-hundred million greenback tasks don’t come alongside daily in Maine. The Mills administration has fostered a beautiful surroundings for funding in renewable vitality. This challenge will likely be an essential useful resource for Maine to assist meet its clear vitality aims and can ship important financial advantages to Kennebec County and the area.”
The entire output from the challenge will likely be bought by EDF Power Companies by way of a long-term energy buy settlement (PPA). EDF Power Companies will use renewable vitality generated by the challenge as the availability for its company buyer load in New England. This PPA units the file as the most important company PPA within the New England energy grid signed to this point. Three Corners Photo voltaic may also contribute to the reliability of the Maine and New England energy grid by offering capability to the ISO-NE system.
“This transaction demonstrates EDF Power Companies’ continued dedication to serving to company clients meet their renewable energy provide wants and sustainability initiatives,” mentioned Deb Merril, president of retail at EDF Power Companies. “We’re dedicated and proud to share our experience and information of the markets to assist our clients navigate this surroundings and choose a beautiful renewables product that enables them to perform their aim.”
Along with producing roughly $8 million in property taxes for host communities and Maine, Three Corners Photo voltaic has dedicated to a number of neighborhood contributions, together with:
- $100,000 ($5,000 per 12 months) to native scholarship packages and charitable organizations through the 20-year working time period of the challenge.
- $100,000 to Unity Faculty to fund internships and analysis alternatives for college and college students in renewable vitality.
- $25,000 to Sebasticook Regional Land Belief to help conservation efforts.
The challenge has conserved roughly 1,875 acres of predominately forested lands, defending high-value wetlands, deer wintering areas, inland waterfowl wading chicken habitat and significant terrestrial habitat.
The challenge will use Sequence 6/6+ modules equipped by U.S.-based First Solar, single-axis tracker expertise from Nextracker and inverters from Power Electronics. The challenge will likely be interconnected to the Central Maine Energy system.
Longroad’s affiliate, Longroad Power Companies, is the asset supervisor and operator and will likely be offering distant monitoring companies to the challenge over the long run from its Scarborough-based distant operations heart.
Information merchandise from Longroad Power