The Carlyle Group has purchased a portfolio of eight solar development projects in Maine from independent solar power producer BNRG.
The portfolio was acquired through a newly established affiliate, Acadia Renewable Energy, for an undisclosed price.
Representing more than $130 million of capital investment, this project is currently the largest solar portfolio under construction in Maine and is among the largest in the Northeast region.
“Maine represents a tremendous opportunity for solar power generation, and we look forward to additional development activity in the state over the coming years,” said David Maguire, co-founder of BNRG. “This is an investment in Maine and its communities. The power will be generated here in Maine and consumed by Maine ratepayers at a cost significantly below other forms of energy.”
Carlyle said the projects will sell power to Central Maine Power and Versant Power under 20-year power-purchase agreements. Once constr
