Navisun, an independent energy producer with operations in the United States, and Queen City Solar, a North Carolina-based solar developer, announced a structured co-development partnership that will already bring 30 MW of community solar energy to residents of Maryland and benefits energy communities and consumers statewide.
Navisun will take ownership and finance the projects from an early stage, with the partners sharing both the risk and benefits of their collaboration.
Four of the first projects will be located in Western Maryland on underutilized land: dormant agricultural plots, odd-numbered parcels and former mining sites; the other five will be in central and eastern Maryland and will be built on underutilized agricultural land or family plots. Landowners receive annual lease income in exchange for hosting the solar panels. Cumulatively, the 30 MW will benefit 3,000 customers, at least half of whom qualify as low or middle income.
“Co-development is a core strategy for us, and we are committed to developing, co-developing and building community solar projects that serve energy communities and those who have traditionally not been able to benefit from solar,” said Matt Preskenis, Navisun’s senior VP of business development. “These projects will be developed into Maryland’s community solar program in a way that directly benefits income-qualified customers statewide, with more to come.”
Navisun is currently the exclusive co-development partner of Queen City Solar in Maryland.
The first half of the projects are targeted to complete development in early 2025 and break ground later that same year, while the second half isn’t far behind.
News item from Navisun
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