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.”
