Developer of renewable energy Green Solar Lantern has completed the sale of two fully permitted community solar projects Madison Energy Infrastructure. Both projects, each with a capacity of 975 kilowatts of alternating current, are under construction in Maine and are expected to be completed in 2024.
The Mechanic Falls solar project has a DC capacity of 1,504.2 kW, located on 7,748 acres in Mechanic Falls, Maine, and is expected to produce 1,845,653 kilowatt hours annually. The Roosevelt Trail solar project in Windham, Maine, has a system size of 1684.8 kW DC, located on 11.24 hectares. This project is expected to generate 1,930,780 kWh annually.
“We are pleased to complete the sale of these two fully developed and approved solar projects to our partner Madison Energy Infrastructure, which we hope will be the first of many,” said Scott Buckley, president of Green Lantern Solar. “Our goal is to meticulously prepare the best solar projects in optimal locations to ensure that communities and businesses in our footprint can benefit from the clean energy economy. By leveraging local reach, our deep expertise in real estate, engineering and construction, and significant transaction efficiencies we’ve developed over our 15 years in business, Green Lantern Solar’s projects meet the highest standard for acquisition by long-term owner-operators.”
These acquisitions underscore Green Lantern Solar’s commitment to accelerating the adoption of sustainable energy solutions and advancing sustainability efforts in Maine and beyond.
“I have long admired Green Lantern Solar’s approach to project development,” said Richard Walsh, CEO of Madison Energy Infrastructure. “Their meticulous site selection and focus on community engagement reflect our own values, and this partnership for these projects in Maine is a perfect example of that. We are proud to work together to deliver on the promise of clean energy.”
