in the news
DSD Acquires Two Community Solar Projects from Mainely Solar, Totaling 11.79 MWs
SCHENECTADY, N.Y. – (January 18, 2022) – DSD Renewables (DSD) has acquired a pair of ground-mounted community solar projects in Southwest Maine from Mainely Solar totaling 11.79 MWs. The projects will generate an estimated 15,508,284 kWh of renewable energy each year, avoiding approximately 10,990 metric tons of carbon dioxide equivalent annually.
Mainely Solar is a Maine-based leading DG developer co-founded by Dave Fowler and Sachin Patel, both of whom have roots in utility scale development. DSD’s relationship with Mainely Solar began when DSD was selected as the solar provider by the Town of Sharon, MA where Patel, served on the Energy Advisory Committee. The relationship between the two companies has continued to grow as Mainely Solar advances its pipeline of DG projects.
The ground-mount projects will avoid the equivalent of 10,990 metric tons of CO2 annually — roughly the same emissions caused by burning 1.2M gallons of gasoline each year.
“Besides being a great team, DSD is among the most efficient deployers of DG infrastructure capital and we look forward to working with them for implementing our Maine projects and LastMile Energy’s pipeline in other markets,” said Patel, Co-Founder of Mainely Solar, who also owns Massachusetts-based developer LastMile Energy.
The projects, a 5.24 MW system located in Rumford and 6.55 MW system located in Windham, are both permitted and are expected to commence construction in Q2 2022. As part of the Maine Net Energy Billing Tariff Rate program, all subscriptions will go to commercial customers. The program provides dollar credits on participating customers’ electricity bills.
“Businesses in Southwest Maine can now reap the benefits of clean renewable energy and offset a portion of their monthly electricity bill,” says Jon Morton, Vice President of Asset Acquisitions at DSD. “This is only the beginning of an impactful partnership and we look forward to working on future projects together.”
Mainely Solar worked in partnership with PPL Renewables to develop the projects.
About DSD Renewables
DSD Renewables (DSD) is transforming the way organizations harness clean energy while building a more sustainable future. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD accelerates the deployment of renewable energy resources and creates significant value for our commercial, industrial, and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE, our team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own, and maintain. To learn more, visit DSDRenewables.com and connect with us on LinkedIn, Twitter, and Facebook.
About Mainely Solar
Mainely Solar is a Maine based DG development firm co-founded by Dave Fowler and Sachin Patel, both of whom began in utility scale development at First Wind and SunEdison. Dave and Lucy Fowler, who are lifelong Maine residents and familiar locals, have strong community connections and are partnering with several residents in the State to allow them to monetize the value of their land, which otherwise does not have a productive use. The duo has experience working with nearly 40 municipalities in Maine, spanning over the last four decades.
Energy storage is just a backup that provides energy when the sun is down, right? On the contrary, it offers much more — flexibility, cost savings, even a potential new revenue stream.
Data has been driving the solar energy sector for years. But as 2023 approaches, its impact on renewable energy is set to grow exponentially.
Learn about DSD’s solar energy financing team from Controller, Andrea Braff. Explore these insights & contact our commercial solar energy experts.