Nexamp and TurningPoint Energy collaborate on a 35 MW Maine Community Solar Portfolio

Nexamp is accelerating its investment in Maine as it becomes the long-term owner of a portfolio of community solar projects developed by TurningPoint Energy (TPE), a clean energy development, advisory, and investment company.

The five projects in the transaction total 35 MW across Central Maine Power (CMP) territory and join other Maine projects already in development or acquired by Nexamp. The portfolio was developed by TPE as part of Maine’s Net Energy Billing program, which was expanded in 2019 under Governor Mills to promote the adoption of renewable energy and community solar, along with its benefits for ratepayers across the state.

As the long-term owner of these community solar farms, Nexamp will handle construction, operations & maintenance, and subscriber management. Construction on the projects is scheduled to begin later this year and area residents who are CMP customers will be able to tap into 15% savings on their electric bills through Nexamp’s industry-leading community solar program, which boasts no sign-up fees, long-term commitment, or equipment to install.

The five projects included in the portfolio range in size from 6.6 MW to 7.5 MW and are located in Newport, North Berwick, Old Orchard Beach, Richmond, and Windham. Each one is in the late stages of development and will serve hundreds of subscribers who will receive CMP bill credits from the clean energy generated and fed to the grid by the solar facilities.