Renewable Energy Partners – Norwich Technologies, Solaris Energy
and Bridge Renewables – Announce Completion of a 700 kW AC Solar
Project.
WHITE
RIVER JUNCTION, Vt., Jan. 25,
2025 /PRNewswire-PRWeb/ -- Norwich Technologies and
partners Solaris Energy and Bridge Renewable Energy are pleased to
announce the completion of a 700 kW AC solar project in
Winthrop, Maine. The project was
originated and permitted by Breakaway Renewables, the development
division of Norwich Technologies with early financing through
Solaris Energy. Norwich Solar, a
division of Norwich Technologies completed the EPC (engineering,
procurement & construction) work. Bridge Renewable Energy will
be the long term owner of the project.
"The Net Energy Billing Program offers
essential savings to small businesses..." said Kevin Donlin, Managing Director of Investments
at Bridge Renewable Energy (BRE).
This is the first of four projects these companies are
partnering on.
"Renewable energy projects bring a multitude of benefits to the
region; more than just clean energy," states Jim Merriam CEO of
Norwich Technologies. "It's our mission to create projects that
have a net positive impact for multiple stakeholders; from the
communities that host the projects, to our construction
contractors, to our financial partners and through to the end users
- the energy customers."
Thanks to the Net Energy Billing Program, renewable energy
projects provide affordable, renewable energy for small businesses
across Maine, saving customers up
to 15% on their electricity bill with no upfront costs.
According to Kevin Davis, VP of
Sales and Marketing for Norwich Technologies, "The energy billing
credits from this project in Winthrop will be going to a portfolio of high
quality, affordable apartments that are managed by The Szanton
Company. Saving on their operating costs via solar power helps The
Szanton Company keep rents reasonable for their tenants, something
that is desperately needed as rates for housing continue to climb
out of the reach of many."
"Solaris is proud to be a part of producing this greenfield
development project, turning previously unused land adjacent to a
farm into a clean energy source that provides energy savings to
those in the surrounding community," said Solaris Energy's CEO and
co-owner Nick Perugini. "This
project represents the bright potential for solar projects to be a
win-win-win as we look to increase clean-energy production to meet
rising electricity demand across the country in 2025 and
beyond."
"Bridge Renewable Energy is excited to deepen our partnership
with Solaris and enter the Maine
market," said Kevin Donlin, Managing
Director of Investments at Bridge Renewable Energy (BRE). "The Net
Energy Billing Program offers essential savings to small businesses
statewide, and we're proud to play a pivotal role. As we grow our
presence in Maine, BRE is
committed to developing and operating critical renewable energy
infrastructure that will strengthen the state's economy."
The project will add over 1,200 MWh of electricity to the
Maine grid annually. That's enough
energy to power over 165 homes for a year. The clean energy will
offset almost 860 metric tons of CO2 which is like taking 185 cars
off the road and roughly the same amount of CO2 a thousand acres
forest sequesters each year*.
The project is constructed of 1,053 fixed-tilt ground mounted
solar panels that feed energy to the grid through Central Maine
Power Company and serves Maine's
Net Energy Billing Program. The array is sited on unused former
farmland next to an egg farm.
*CO2 offset statics are based on EPA calculations
Media Contact
Diana Wood, Norwich Technologies,
1 802.281.3213 3031, wood@norwichsolar.com,
https://norwichtech.com
LinkedIn
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SOURCE Norwich Technologies
