Syncarpha Capital commissions seventh community solar project in Maine

The New York-based developer has received permission to operate Troy Solar I, a 995 kW power plant connected to the Central Maine Power grid.

Partagez:

Syncarpha Capital, a company specialised in the development, ownership and operation of solar and storage projects, announced on April 15 that it had received permission to operate for its Troy Solar I project, located in Troy, Maine. The company, headquartered in New York, is continuing to expand its portfolio in the region, with a seventh community solar project now operational.

Located on Bangor Road, the Troy Solar I facility has a capacity of 1,472.25 kW in direct current and 995 kW in alternating current. Its annual production is estimated at approximately 1.8 million kilowatt-hours (kWh), a volume sufficient to supply more than 200 households connected to the Central Maine Power local grid. This infrastructure is part of the State of Maine’s Net Energy Billing (NEB) Program, a system that allows consumers to benefit from solar energy credits without upfront costs.

Grid integration through the net billing programme

Thanks to this programme, Central Maine Power customers can subscribe to the community project without needing to install rooftop panels. In return, they receive solar credits that reduce their electricity bills, a mechanism designed to encourage broader participation in decentralised energy production.

Syncarpha Capital stated that Troy Solar I joins a series of comparable projects launched within the same state. The company relies on this pooled approach to reach a broader customer base, while consolidating its position in the regional distributed energy market.

Regional expansion and pooled operating model

The adopted community model is based on centralised management of installations and an offering accessible to all eligible public grid subscribers. Through its projects in Maine, Syncarpha Capital is expanding its portfolio by leveraging local incentives, while relying on existing network infrastructure to connect its production units.

Cliff Chapman, Chief Executive Officer of Syncarpha Capital, emphasised that the project reflects the company’s commitment to democratising access to solar energy: “These projects show that renewable energy can be accessible to all, not just those with suitable rooftops or resources.”

Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.
Plenitude and Modine have signed an agreement to build a photovoltaic plant with an installed capacity of 1.585 MWp in Pocenia, designed to power thermal and refrigeration equipment at Modine’s Italian industrial site, without initial investment.
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
Bangladesh’s interim government has ordered mandatory deployment of solar systems on public building rooftops to reduce reliance on costly fossil fuel imports amid a fragile economic backdrop.
The Energy Progress Report 2025 shows an improvement in global electricity access to 92%, but highlights that 666 million people remain without electricity, particularly due to insufficient international funding for rural areas.
Estimated at $384.4mn in 2025, the global photovoltaic panel recycling market is expected to grow annually by 7.4%, reaching $548mn in 2030, driven by the rapidly increasing number of installations reaching end-of-life.
Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.
Sasol International Chemicals concludes a virtual contract with Akuo to supply half of the electrical needs for its Lake Charles industrial complex in the United States, via a solar plant scheduled for 2026.
Eurowind Energy initiates a €174.8mn investment to build a 220 MW solar park in Vișina, Romania, capable of supplying around 150,000 households annually.
CleanCapital expands its portfolio by acquiring solar and energy storage assets totaling 27 MW in California and Massachusetts from Pacifico Energy to meet growing demand in the United States.
BrightNight and Cordelio Power commission a major 300 megawatt solar project in Arizona, attracting significant investments from JPMorgan and Capital One, with estimated local economic benefits of $180mn.
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
Chinese manufacturer Longi will invest alongside Pertamina NRE in a 1.6 GW site at Deltamas, aiming to strengthen the local photovoltaic chain and capture demand expected under Indonesia’s power plan.
OMV Petrom acquires 50% of the 400 MW Gabare photovoltaic project near Sofia, in partnership with Enery, in a deal valued at approximately €200 million including a potential energy storage solution.
Driven by strong solar adoption, the global SCADA systems market for renewable energy is expected to reach $3.56bn by 2030, with an estimated average annual growth rate of 12.7%, according to MarketsandMarkets.
RATP and Urbasolar officially inaugurated the Colombier photovoltaic power plant, the first large-scale solar installation operated by the Parisian public transport operator, set to produce 14 GWh of electricity per year.
Danish developer European Energy finalises financing deal exceeding €70m for constructing two Australian solar plants, totalling 137 megawatts of installed capacity on the local electricity market.
The African Development Bank financially supports Zambia with $26.5 million for the 32 MW Ilute solar project, structured to avoid reliance on sovereign guarantees.
Emeren Group Ltd announces a definitive merger agreement with Shurya Vitra Ltd, providing for the repurchase of shares at $0.20 each, aiming to transform the company into a private entity by the end of September 2025.
The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.