PV – Irish Photo voltaic Firm BNRG companions with Carlyle Group on largest photo voltaic portfolio in Maine

The portfolio is comprised of eight photo voltaic tasks throughout southern Maine. The tasks will promote energy to Central Maine Energy and Versant Energy (f/okay/a Emera Maine) underneath 20-year energy buy agreements. As soon as constructed, the tasks are anticipated to generate over 100 megawatts of energy, sufficient to provide roughly 19,000 Maine properties with photo voltaic vitality. Representing over $130 million of capital funding, this mission is at the moment the most important photo voltaic portfolio underneath building in Maine, and is among the many largest within the Northeast area. Development on the portfolio commenced in June 2020, and is anticipated to be accomplished by Q3 of 2021.

BNRG, in collaboration with its native associate Dirigo Photo voltaic, will now additionally associate with Carlyle for the event and building administration of the portfolio.

“We see vital worth in renewable improvement within the area and the assist for these tasks has been super” stated Pooja Goyal, Managing Director and Co-Head of Carlyle’s Infrastructure Group, who led the funding within the Maine portfolio. “We sit up for partnering with BNRG to assist additional advance their pipeline of tasks and proceed contributing to the vitality transition.”

David Maguire, co-founder of BNRG, added that Maine represents an incredible alternative for solar energy technology and that that is an funding within the state and its communities. The ability will likely be generated in Maine and consumed by Maine ratepayers at a price considerably under different types of vitality.

In reference to the acquisition, Carlyle has executed building and everlasting debt financing for the portfolio. HSBC Financial institution USA, N.A. acted as Lead Arranger and Administration Agent. Fairness capital for the transaction has been dedicated by Carlyle’s Renewable & Sustainable Power Fund.

For extra info:

The Carlyle Group