Summit Ridge Energy completed the first project in its 200-MW Maine community solar portfolio, a 6.3-MWDC array in Hermon that will service 850 households and small businesses across the state.
“SRE’s culture of execution relies on financial partners who are as committed to community solar as we are,” said Adam Kuehne, Chief investment officer, SRE. “SRE and our JV partners at [Osaka Gas USA] are excited that both Foss & Company and Live Oak Bank are motivated to deploy capital into the rapidly growing community solar sector alongside us.”
The project is owned through SRE’s joint venture with Osaka Gas USA and is the first of a 24-MW portfolio that will operation by next summer.
“We are proud to support highly impactful projects such as these. Not only will they reduce energy costs for local residents and small businesses and expand access to renewable energy, they will also contribute in a very positive way to economic growth in the state,” said Bryen Alperin, director of renewable energy and sustainable technologies at Foss & Company.