Longroad breaks ground on 152MWdc Maine PV project featuring First Solar modules, Nextracker trackers

Facebook
Twitter
LinkedIn
Reddit
Email
Longroad Energy’s Monmouth solar project. Image: Longroad Energy.

US renewable energy developer Longroad Energy has commenced construction on the 152MWdc Three Corners solar project in Maine. Upon completion, it is expected to be the largest solar PV project in the state.

EDF Renewables has agreed a long-term power purchase agreement (PPA) for the entirety of the output from the Three Corners project, to supply its corporate customers in New England. It’s the largest corporate PPA signed in the New England power grid to date.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The US$200 million project will also supply capacity to the ISO-New England system, the non-profit organisation that manages the operation of New England’s grid and transmission network.

Three Corners will use First Solar’s Series 6 modules, Nextracker’s single-axis tracker technology and Power Electronics inverters.

“US$200 million projects do not come along every day in Maine,” said Matt Keans, chief development officer for Longroad Energy. “This project will be an important resource for Maine to help meet its clean energy objectives and will deliver significant economic benefits to Kennebec County and the region.”

The project was financed by KeyBank and US Bank. Both acted as lenders, whilst US Bank was sole tax equity investor.

“US Bank has worked with Longroad Energy on four prior tax equity investments, and we’re excited to expand our support as lender as well on this project,” said Colin Witherspoon, business development officer with US Bancorp.

In August, Longroad Energy received a US$500 million investment to shift its business model to owning renewables projects, rather than its previous develop-to-sale model. It also said the investment would allow it to scale its 1.5GW solar portfolio to over 8.5GW of solar, storage and wind in the next five years.

In June, the company made an equity investment in distributed generation developer Valta Energy.

21 March 2024
This special webinar will look at one of the most important changes impacting PV manufacturing today; how to establish and sustain new facilities around the world. For more than two decades, policy-makers have grappled with the challenges of nurturing domestic manufacturing sectors. Many countries have tried to create domestic sectors: Japan, Taiwan, South Korea, India, Europe and the U.S. But success stories have been rare. Mistakes seem to be repeated. And all the while, Chinese dominance of the industry has only increased. However, in the past 2-3 years, new drivers have emerged that suggest the dream of a global PV manufacturing ecosystem could be a reality. Join us as we shed light on this.
21 May 2024
Understanding the PV module supply to the U.S. market in 2024 & 2025. The conference gathers together developers, independent power producers and module suppliers to the U.S. solar market as well as EPCs, banks, investors, technical advisory and testing & certification specialists.
8 October 2024
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA