Aspen Announces Acquisition of 53 MW of Community Solar Projects

Aspen announced its acquisition of 53 MW of community solar projects in Maryland and Pennsylvania from Trajectory Energy Partners.

April 08, 2022. By News Bureau

Aspen announced its acquisition of 53 MW of community solar projects in Maryland and Pennsylvania from Trajectory Energy Partners.

The development of the sites will be led by Trajectory, while Aspen will provide approximately $96 million in financial support and oversee the design, subscriber management, and long-term ownership of the assets.

The portfolio includes ten projects across the mid-Atlantic region. Four of the sites are in Maryland and will participate in the state’s pilot community solar program.

The six remaining sites are in Pennsylvania and will be developed in advance of that state’s pending community solar legislation. Highlights from the portfolio include:

· A community solar project with a historic church in Prince George’s County, Maryland;

· A community solar project with a non-profit foundation working to preserve a historic site in Prince George’s County, Maryland; and

· A community solar project on a reclaimed former coal mine in Clearfield County, Pennsylvania.

“We are very pleased to be working with a strong development partner like Trajectory. It is encouraging that we are expanding our geographical footprint, continuing to work with landowners to preserve their property for future generations, and advancing the energy transition,” said Dan Gulick, Partner, Aspen.

Megan Strand, Partner and Co-Founder, Trajectory, added, “We are excited to partner with Aspen on such a significant portfolio of projects. Aspen brings a wealth of experience and resources to developing community solar projects. With Aspen’s financial backing, we can deliver projects that provide clean energy and local economic development to the surrounding communities.”

Aspen aims to speed up and democratize the decarbonization process. The new partnership with Trajectory will help Aspen expand access to clean distributed energy for consumers and businesses across all income levels.

Aspen is also developing community, multifamily, and commercial and industrial rooftop projects in California, Maine, and New York, along with the community solar projects in Maryland and Pennsylvania.

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