Green Lantern Solar, a well-regarded renewable energy developer, has finalized the sale of two community solar projects in Maine to Madison Energy Infrastructure. Both projects, each boasting a capacity of 975 kilowatts (kW) AC, are currently under construction and are slated for completion in 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 projected to produce 1,845,653 kilowatt hours (kWh) annually. Additionally, the Roosevelt Trail solar project in Windham, Maine, spans 11.24 acres and has a system size of 1684.8 kW DC, with an expected annual output of 1,930,780 kWh.
Scott Buckley, President of Green Lantern Solar, expressed enthusiasm about the transaction, 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.”
These acquisitions highlight Green Lantern Solar’s dedication to promoting renewable energy solutions and advancing sustainability initiatives in Maine and beyond. The company's strategy involves leveraging local outreach and utilizing their extensive real estate, engineering, and construction expertise to develop high-standard projects fit for acquisition by long-term owner-operators.
Richard Walsh, CEO of Madison Energy Infrastructure, also praised the partnership, 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 represents a significant milestone for both Green Lantern Solar and Madison Energy Infrastructure as they work together to deliver a green energy future. The two companies aim to accelerate the adoption of renewable energy solutions, thereby fostering sustainability and reducing dependency on non-renewable energy sources.
Green Lantern Solar has a track record of advancing the development, construction, and operation of over 125 community solar projects and commercial solar solutions since 2011. Their work includes revitalizing low-value sites such as brownfields, landfills, and quarries to create efficient solar energy hubs.
Madison Energy Infrastructure, known for its robust portfolio of clean energy infrastructure assets, brings a comprehensive suite of services from project development to long-term asset management. With a focus on addressing complex challenges, the company aims to make the transition to clean energy simple, efficient, and profitable.
The collaboration between Green Lantern Solar and Madison Energy Infrastructure is poised to have a considerable impact on Maine’s renewable energy landscape, setting a precedent for future projects and partnerships aimed at fostering a sustainable and environmentally-friendly energy future.
