Financing platform Luminia, formerly SD Renewables, has entered a joint development agreement with New Hampshire Solar Garden to secure funding for New Hampshire Solar Garden’s pipeline of projects, including five community solar projects in Maine. Through its proprietary technology platform, Luminia will provide New Hampshire Solar Garden with access to intermediate and long-term financing that is de-risked and normalized for investors, driving down the cost of capital.
“Community solar is essential for many parties in the transition to renewable energy. We are thrilled to team up with Luminia in forming a long-term partnership that increases our access to capital, allowing us to accelerate momentum for a healthier planet,” said Andrew Kellar, founder of New Hampshire Solar Garden. “As Maine strives to become a carbon-neural state by 2045, securing the funding and resources needed to turn that vision into reality is what Luminia brings to the table – and much more.”
The Maine community solar farms – located in Baldwin, Berwick, Brewer, Eliot and Standish – will total 15 MW.
“New Hampshire Solar Garden has been an excellent partner in the community solar market, in addition to their commercial and industrial projects, and we are excited to be a part of Maine’s commitment to becoming carbon-neutral,” said David Field, co-managing partner of Luminia. “Through collaboration with our partners, our goal is to make community solar as effortless as possible by streamlining the financing and development process for both officials and our channel partners.”
