CleanCapital and Borrego are working together to install a 6.7-MW community solar project in Maine. The project, which is expected to reach commercial operation in 2022, will benefit from the state’s Net Energy Billing kWh Program and sell power to residential customers.
“We are excited to be partnering for the first time with Borrego to make renewable energy more accessible to homeowners in Maine,” said Julia Bell, Head of Projects at CleanCapital. “This latest investment — our fourth since announcing a $300 million commitment from Manulife in April — demonstrates CleanCapital’s commitment to advancing the rapid transition of the energy grid.”
“Borrego is partnering with CleanCapital to accelerate the adoption of renewable energy. Together we’re providing homeowners in Maine the opportunity to create a clean energy future by buying their power from a community solar project,” said Brendan Neagle, executive vice president of project finance at Borrego. “We’re eager to build our relationship with CleanCapital through this project and plan to continue our partnership into the future.”
News item from CleanCapital