Greenbacker buys two additional solar projects in Maine from ReneSola

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

November 11 (Renewables Now) - Greenbacker Renewable Energy Company LLC on Wednesday said it has acquired two solar projects in Maine with a combined capacity in direct current (DC) of 6.6 MW from ReneSola Power Holdings.

The two projects in the portfolio are the 3.8-MW Athens Ridge solar farm and the 2.8-MW Mars Hill solar farm.

The latest acquisition of the to-be-constructed solar farms follows Greenbacker's purchase of the 2.5-MW Richmond Hill and the 2.8-MW Lebanon Road, two pre-operational solar farms in Maine, from ReneSola in the second quarter of the year.

All four projects are grandfathered into Maine's net energy billing programme.

Greenbacker's total capacity of solar, wind, battery storage and biomass projects amounts to about 2.2 GW.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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