Dynamic Energy & Soltage Partner to Deliver Largest Solar Assets

Source: www.gulfoilandgas.com 8/26/2021, Location: North America

Dynamic Energy Solutions, LLC announced that it has achieved financial close and commenced construction of a 6.6 Megawatts (MW) DC ground-mounted solar array in Norridgewock, Maine. The project includes a landmark offtake agreement with Albertsons Companies, Inc. (ACI), and it is one of the first and largest commercial solar installations in Maine's burgeoning solar market.

Once fully operational, the 6.6 MW system is expected to annually generate more than 8.5 million kilowatt hours of clean, renewable energy for many of Albertsons Cos. Shaw's store locations throughout the Central Maine Power utility territory.

"This system will not only provide the benefits of clean and renewable energy for Albertsons Companies, but also serves the future needs of Mainers by addressing the threats of climate change," said John Conley, Dynamic Energy's President (and Bath, Maine native). "Our team is proud to continue its development work in Maine and support the state's Renewable Portfolio Standard goal of 100% renewable electricity by 2050."

As one of the largest solar assets within Albertsons Cos.' portfolio of renewable energy sources, this agreement emphasizes the company's commitment to climate action. Earlier this year, Albertsons Cos. committed to setting a science-based target to reduce carbon emissions, and the company plans to leverage innovative partnerships, like that of Dynamic Energy and Soltage, to meet their climate goals.

"Delivering solar energy to our Shaw's stores in Maine aligns with Albertsons Companies' commitment to continue making a meaningful difference in our neighborhoods and reducing our climate impacts," said Suzanne Long, Group Vice President of Strategic Sourcing & ESG at Albertsons Companies. "This project with Dynamic Energy and Soltage represents a major step in working toward our science-based reduction goals."

Early in 2019, Dynamic Energy identified and secured an area of land based on key site criteria, while delivering the landowner a reliable and long-term annuity income stream. Consistent with Dynamic Energy's solar siting practices, the field underneath the panels includes a mix of grasses and flowers to maintain the ecology of the land for pollinators further enhancing the local benefits of the system.

After the land was secured, Dynamic Energy introduced its trusted finance partner Soltage, the national Independent Power Producer. In partnership with Soltage, Dynamic Energy has brought over 8 MWs of commercially operational solar capacity onto the grid.

"We're proud to blaze a trail in Maine's growing market, with our friends at Dynamic Energy," said Jesse Grossman, CEO and Co-Founder of Soltage. "It's critical to support American businesses as they move forward to adopt clean energy to decarbonize their operations, and we're happy to be part of their transition."

In addition to the development and disposition of the project, Dynamic Energy is also providing engineering, procurement, and construction (EPC) services for the project. Dynamic Energy is expected to complete construction, installation, and final commissioning in the fourth quarter of 2021.


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