Longroad Energy launches 26 MW of DG solar projects in Maine

US renewables developer Longroad Energy Holdings LLC announced on Monday that it has secured the financing for four 100%-owned distributed generation (DG) solar projects in the US state of Maine and launched their construction.

Combined, the projects will bring 26 MW of capacity in direct current (DC), or 17.3 MW of alternating current (AC).

EPC contractor MYR Energy Services, and its Maine-based subsidiary E.S. Boulos, will handle the project construction, which Longroad says will take about six months.

The four plants are expected to start operations by the end of 2021.

The projects will feature Series 6 modules supplied by First Solar Inc (NASDAQ:FSLR), single-axis trackers by Nextracker Inc, and inverters by TMEIC, a joint venture between Toshiba Corp (TYO:6502) and Mitsubishi Electric Corporation (TYO:6503).

Longroad did not give details on the financing arrangement. It said that Mitsubishi UFJ Financial Group Inc (TYO:8306) served as lender, while U.S. Bank provided tax equity financing for all four projects.

The solar farms, which will be located in Augusta, Baldwin, Harmony, and Monmouth, will produce electricity for Maine-based shipbuilder Bath Iron Works and retailer Walmart Inc (NYSE:WMT).

Longroad's affiliate, Longroad Energy Services, will provide asset management services and operate the plants once they go online, the company said.

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