The projects in Somerset, Kennebeck, Androscoggin and Knox counties are in the late stages of development and construction began in the second quarter of 2021. When the project is fully operational, it is expected to generate approximately 25 million kWh of electricity annually, contributing to its main goal. We will provide economic growth, labor opportunities, 80% clean energy by 2030 and 100% clean energy by 2050.
These projects are being developed by TurningPoint Energy as part of Maine’s Net Energy Billing Program. Nautilus is the long-term owner of the project, responsible for overseeing construction, maintaining long-term performance, and obtaining and managing customer subscriptions. Central Main Power Utility residential customers are eligible to participate in one of the projects through Nautilus, with no upfront fees, long-term contracts or cancellation fees.
This is the second transaction between Nautilus Solar and Turning Point Energy.
“This is the first demonstration of TurningPoint Energy in 2019, which enabled us to invest in the community solar market in Maine, and we continue to work on a strategic partnership with Nautilus Solar to make this effort a success. I am grateful to be there, “said Jared. Schoch, President of TurningPoint Energy.
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