Green Lantern Solar Sells Community Solar Projects to Madison Energy Infrastructure
TL;DR
Green Lantern Solar has closed on the sale of two fully permitted community solar projects, giving them an advantage in Maine's renewable energy market.
The Mechanic Falls and Roosevelt Trail solar projects are expected to be completed in 2024, producing a total of 3,776,433 kilowatt hours annually.
These acquisitions accelerate the adoption of renewable energy solutions and advance sustainability efforts in Maine and beyond, making the world a better place.
Green Lantern Solar's innovative approach to project development and commitment to clean energy make them an exciting and impactful player in the industry.
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Green Lantern Solar, an innovative and trusted renewable energy developer, has finalized the sale of two fully permitted community solar projects in Maine to Madison Energy Infrastructure. Each project boasts a capacity of 975 kilowatts (kW) AC and is currently under construction, with completion anticipated by 2024.
The Mechanic Falls solar project, located on 7.748 acres in Mechanic Falls, Maine, features a system size of 1504.2 kW DC and is expected to produce approximately 1,845,653 kilowatt hours (kWh) annually. Meanwhile, the Roosevelt Trail solar project in Windham, Maine, spans 11.24 acres and has a system size of 1684.8 kW DC, with an anticipated annual generation of 1,930,780 kWh.
Scott Buckley, President of Green Lantern Solar, expressed enthusiasm about the deal, stating, "We are thrilled to close on the sales of these two fully developed and permitted solar projects to our partner Madison Energy Infrastructure, which we hope are the first of many. Our goal is to meticulously prepare the best solar projects in optimum locations to ensure that communities and businesses across our footprint can benefit from the clean energy economy."
Green Lantern Solar's focus on local outreach, real estate, engineering, and construction expertise, along with their significant transactional efficiencies developed over 15 years in the business, ensures that their projects meet high standards for acquisition by long-term owner-operators. These acquisitions underline Green Lantern Solar’s commitment to accelerating the adoption of renewable energy solutions and advancing sustainability efforts in Maine and beyond.
Richard Walsh, CEO of Madison Energy Infrastructure, also praised the collaboration, noting, "I’ve long admired Green Lantern Solar’s approach to project development. Their meticulous site selection and focus on community engagement mirror our own values, and this partnership on these Maine projects is a perfect example. We’re proud to collaborate together to deliver on the promise of clean energy."
The completion of this transaction marks a significant milestone for both Green Lantern Solar and Madison Energy Infrastructure as they work together to promote a green energy future. These projects are expected to contribute substantially to local renewable energy capacity and provide cleaner power to Maine’s communities.
Curated from News Direct
