Renewable Properties expands in Maine with another NextGrid portfolio acquisition
Summary
Renewable Properties expands in Maine with another NextGrid portfolio acquisition Renewable Properties, a developer and investor in small-scale utility and community solar projects, will be adding over 42 MW of Maine community solar, via NextGrid in three tranches. “With these projects, local homes and businesses will save on their electricity bills, regardless of whether they rent or own their roof with no money down. The projects, scheduled to come online by end of Q2 2023, will generate enough clean energy to power approximately 1,202 homes. “With these acquisitions, Renewable Properties continues to show its commitment to community solar in Maine,” said Aaron Culig, President of NextGrid. “We were pleased to partner with Renewable Properties for this third acquisition and look forward to building on our successful working relationship.” In addition to the NextGrid portfolio acquisitions, Renewable Properties is separately developing a 2.8MW project in Skowhegan and another 2.8 MW project in Orono.