Saddleback Mountain Ski Resort Signed Contract Nexamp to build a 31-acre, 7.36 MW community solar farm on its Rangeley, Maine property.
While exploring options to strengthen Saddleback’s economic and environmental profile, owner Arctaris Impact Investors identified solar development as a smart way to improve its approach to powering the mountain. Saddleback led the development effort which included site selection, licensing and securing an interconnection agreement with Central Maine Power.
“Saddleback has a long history in Maine as a family destination that has provided significant economic, employment and leisure opportunities in Western Maine,” said Jonathan Tower, Founder and Managing Partner of Arctaris. “We are committed to positioning Saddleback for long-term sustainability, both economic and environmental. With this project, Arctaris significantly advances these two objectives. “
As part of the Maine Energy Net Metering Program adopted by the Mills administration in 2019, the community solar farm will generate clean energy that will be sent directly to the Central Maine Power (CMP) grid, providing credits to consumers. subscribers to help them reduce their annual electricity costs.
Saddleback will be an anchor lessee for commercial credits generated by the bay. Other companies in the CMP territory can register.
The solar farm site comprises less than 1% of the Saddleback ownership.
“As stewards of a remarkable real estate site in western Maine, it was very important for us to seamlessly integrate this renewable energy project with its surrounding natural beauty,” said Tom Federle, General Counsel for Saddleback.
Construction of the solar park is expected to begin in early 2022 and is expected to generate clean energy for the CMP grid by the start of the 2022-2023 ski season.
“The Saddleback project is representative of the very real benefits businesses have in proactively addressing the climate challenge,” said John Murphy, senior vice president of corporate development at Nexamp. “By continuing this initiative, the complex is helping meet Maine’s ambitious renewable energy deployment and decarbonization goals while controlling operating costs and generating significant revenue for further capital improvements.” We are thrilled to partner with the Arctaris team to help make their vision a reality for the Saddleback community.
Arctaris, an impact investing group that bought Saddleback in 2020, is making substantial improvements to the mountain and helping restore the company as a major employer and destination in the region.
News from Nexamp