Goldman Sachs Asset Management to Acquire 70 MW Solar Project Portfolio in Maine From Dynamic Energy
WAYNE, Pa., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Dynamic Energy Solutions, LLC, a leading full-service commercial and utility-scale solar developer, today announced that it has executed definitive asset sale agreements with the Renewable Power Group of Goldman Sachs Asset Management ("Goldman Sachs") for approximately 70 MWs of distributed solar generation in the state of Maine.
- WAYNE, Pa., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Dynamic Energy Solutions, LLC, a leading full-service commercial and utility-scale solar developer, today announced that it has executed definitive asset sale agreements with the Renewable Power Group of Goldman Sachs Asset Management ("Goldman Sachs") for approximately 70 MWs of distributed solar generation in the state of Maine.
- Several of Maine's largest employers have signed offtake agreements with Dynamic and Goldman Sachs.
- "Achieving project financing agreements for these projects is an important milestone," said Bangor, ME, native John Motta, Chief Development Officer of Dynamic Energy Solutions.
- This portfolio represents the first transaction between Goldman Sachs and Dynamic Energy and it will help Maine to achieve the Renewable Portfolio Standard goal of securing 100% of its energy from renewables by 2050.