EDF Renewables North America has entered into an settlement with Luminace, a Brookfield Renewable firm, by which Luminace will purchase a 21.6 MW DC portfolio of three group photo voltaic initiatives.
The three Maine initiatives embody Overlook Photo voltaic in Bristol, Tower Photo voltaic in Embden and Inexperienced Mile Photo voltaic in Woolwich.
EDF Renewables developed the initiatives and can proceed to carry out the position as EPC contractor all through the development part. Luminace would be the long-term proprietor and operator of every undertaking.
Discounted invoice credit from the initiatives shall be offered to a neighborhood assortment of 18 separate municipalities, nonprofits and companies underneath Central Maine Energy’s Internet Vitality Billing Program. By establishing this native undertaking, the consortium of consumers will, in some instances, go 100% renewable by way of the acquisition of RECs bundled with the power credit, all whereas realizing important financial savings on their utility invoice over a 20-year time period.
“Luminace is happy to associate with EDF Renewables in increasing our nationwide group photo voltaic footprint with the addition of those 21.6 MW Maine group photo voltaic initiatives,” says Brendon Quinlivan, Luminace’s senior vice chairman of distributed technology. “This newest acquisition is a crucial step in our development technique throughout the U.S. to convey clear power options to our valued prospects, in addition to the evolving worth propositions supplied by way of group photo voltaic market enlargement.”
“EDF Renewables is proud to convey further clear renewable power to Maine and contribute to the state’s financial development,” states Peter Bay, vice chairman of undertaking growth for EDF Renewables’ Distribution-Scale Energy division. “We stay up for future alternatives with Luminace to additional our 14-year historical past of initiatives in Maine.”
The three initiatives are anticipated to generate 27,600 MWh of power yearly.
