Nexamp provides 50-MW neighborhood solar portfolio in Maine from Dimension Power
Nexamp is acquiring a 10 project, 50 megawatt portfolio of community solar projects from Dimension Energy. The projects are some of the first to develop after Governor Mills reintroduced, expanded, and improved the state’s Net Energy Billing program last year. They enable private customers of Central Maine Power and Versant Power to subscribe to a portion of the project service and receive savings on their monthly utility bills.
Nexamp will build the assets and manage customer subscriptions with its internal teams. As the long-term owner of all of its projects, Nexamp works closely with communities to increase local revenues, create new job opportunities and achieve energy savings.
The Dimension Energy portfolio highlights the significant shift towards renewable energies under the Mills administration. In June 2019, Maine lawmakers changed the state’s Net Energy Billing program to reduce uncertainty and unlock value for homes and businesses in Central Maine Power and Versant service areas. The state has quickly developed into a leading provider of solar energy.
“These projects will enable thousands of Mainers to support renewable energy while reducing their operating costs,” said Rafael Dobrzynski, CEO of Dimension Energy. “We applaud Maine lawmakers and Governor Mills for adopting guidelines that will support the growth of clean energy investments and jobs across the state.”
Dimension Energy developed each of the 10 projects that will produce millions of kilowatt hours of renewable electricity annually, contributing to the state’s goal of 80 percent clean energy by 2030 and 100 percent clean energy by 2050. The projects also contribute to the growth of clean energy in Maine’s economy through local job creation and millions of dollars invested in energy infrastructure.
“The bold policies of attracting investment and use of renewable energy are already producing results in Pine Tree State,” said John Murphy, senior vice president of corporate development at Nexamp. “Making clean energy easy and accessible to everyone is the core of our mission. It pays to work with experienced developers like Dimension to expand our leading community solar program to new Maine consumers. “
Dimension Energy’s development team began working on these projects in early 2019 by working with local landowners. The first tranche of projects is fully permitted. The rest is expected to be finally approved by the end of 2020. Nexamp will start building the projects in 2021.