New York energy firm is rethinking its Maine expansion over potential solar incentive changes

BANGOR DAILY NEWS • May 18, 2023

A New York-based energy company recently bought 15 solar projects from Bangor through southern Maine because of handsome state incentives. But efforts to cut those incentives are giving the company, Aspen Power, which is backed by prominent private equity firms, second thoughts about expanding further in the state. There were about 8,500 operational community solar and rooftop projects in Maine as of April 30, according to a CMP spokesperson. Some 32,000 customers have subscribed. Of those, 82 are active larger projects greater than 2 megawatts and another 434 projects are active with pending interconnection requests to the grid.