Longroad Energy Holdings LLC has completed the financing and begun construction on its 152 MWdc Three Corners solar project in Maine, USA.
The 690 ac facility uses Series 6 and 6+ modules supplied by First Solar, single-axis trackers from Nextracker and inverters from Power Electronics. Expected to be completed in late 2023 or early 2024, the US$200 million solar farm will sell 100% of its output to EDF Energy Services under a long-term power purchase agreement (PPA).
US Bank was the sole investor in tax equity for the project, while KeyBanc Capital Markets was the coordinating lead arranger.