Syncarpha Capital and Pacolet Milliken Expand their Solar Portfolio throughout Maine

In 2021, Syncarpha Capital and Pacolet Milliken LLC unveiled plans for 11 new solar projects across Maine, totaling 74 MW of clean energy. These projects, supported by Maine's Net Energy Billing Program, aim to deliver significant electric bill savings to residential customers while enhancing local energy infrastructure. Construction is set to begin soon.
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Syncarpha Capital, a full-service solar developer, owner, and operator of community solar farms, and Pacolet Milliken LLC, a family-owned investment company with deep roots in Maine, are pleased to announce their 2021 expansion throughout the state. Thanks to the state’s Net Energy Billing Program, Syncarpha and Pacolet Milliken anticipate building approximately 74 MW, comprised of 11 projects that have obtained their state and local permits. Located throughout the state, this portfolio includes projects in Augusta, Belfast, Corinna, Edgecomb, Old Town, Pittsfield, Readfield, Troy, Wiscasset & Waldoboro, a number of which are scheduled to break ground this summer. These projects will connect to the local electric distribution systems. Central Maine Power residential customers who sign up with Syncarpha will receive guaranteed savings on their electric bill. Additionally, certain projects will allow commercial and industrial customers to participate, who will see guaranteed savings on their electric bills, as well.

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Syncarpha Capital

Syncarpha Capital, founded in 2009, is a New York-based private equity firm dedicated to developing, owning, and operating solar and storage projects across the United States, aiming to remove barriers to the widespread adoption of solar energy and storage.

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