Aspen Power Partners announced it is acquiring 53 MW of community solar projects in Maryland and Pennsylvania from Trajectory Energy Partners.
Trajectory Energy Partners will lead the development of the sites and Aspen will provide the financial support – approximately $96 million – and oversee the design, subscriber management and long-term ownership of the assets.
The portfolio consists of 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 remaining six sites are in Pennsylvania and will be developed in advance of that state’s pending community solar legislation.
In addition to the community solar projects in Maryland and Pennsylvania, Aspen is also developing community, multifamily, and commercial and industrial rooftop projects in California, Maine and New York.