Renewable power developer Inexperienced Lantern Photo voltaic has closed on the sale of two totally permitted neighborhood photo voltaic tasks to Madison Vitality Infrastructure. Each tasks, every with a capability of 975 kilowatts AC, are beneath development in Maine and anticipated to be accomplished in 2024.
The Mechanic Falls photo voltaic venture is 1504.2 kW DC situated on 7.748 acres in Mechanic Falls, Maine, and is predicted to provide 1,845,653 kilowatt hours yearly. The Roosevelt Path photo voltaic venture in Windham, Maine, encompasses a system dimension of 1684.8 kW DC situated on 11.24 acres. This venture is anticipated to generate 1,930,780 kWh yearly.
“We’re thrilled to shut on the gross sales of those two totally developed and permitted photo voltaic tasks to our accomplice Madison Vitality Infrastructure, which we hope are the primary of many,” says Scott Buckley, president of Inexperienced Lantern Photo voltaic. “Our purpose is to meticulously put together the perfect photo voltaic tasks in optimum places to make sure that communities and companies throughout our footprint can profit from the clear power economic system. By leveraging native outreach, our deep actual property, engineering and development experience and vital transactional efficiencies cultivated over our 15 years in enterprise, Inexperienced Lantern Photo voltaic’s tasks meet the very best normal for acquisition by long-term owner-operators.”
These acquisitions underscore Inexperienced Lantern Photo voltaic’s dedication to accelerating the adoption of renewable power options and advancing sustainability efforts in Maine and past.
“I’ve lengthy admired Inexperienced Lantern Photo voltaic’s method to venture growth,” says Richard Walsh, CEO of Madison Vitality Infrastructure. “Their meticulous web site choice and concentrate on neighborhood engagement mirror our personal values, and this partnership on these Maine tasks is an ideal instance. We’re proud to collaborate collectively to ship on the promise of fresh power.”
