iSun Inc. Wins New Solar Portfolio in Maine
Extends Maine presence with 16.00MW and $16.12 million contract
WILLISTON, Vt.–(BUSINESS WIRE)–iSun, Inc. (NASDAQ: ISUN) (the “Company,” or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it has been awarded a portfolio of solar projects totaling 16.00MW and valued at $16.12 million in Maine, to expand community solar projects across that state.
- 16.00 MW Portfolio award adds to iSun’s already active and completed 48.5 MW of projects in the Maine market
- $16.12 million in new contracts highlights iSun’s momentum and continued geographic expansion in Maine, while developing an important new customer relationship
- Projects will begin in the first quarter of 2023 and are expected to be completed within 2023
“We are excited to expand our portfolio of solar projects in Maine, and happy to see our project backlog flowing into active contracts. These projects, along with other recently announced contract awards, bring our total recent contract awards to 47.5MW and $43.25 million. Execution of this portfolio of projects will start this quarter,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “Our team has developed excellent momentum in winning awards in Maine this year, driving confidence in our ability to provide the high-quality solar installations needed by customers in communities throughout Maine. This award demonstrates our strong commitment to bringing alternative energy to customers in New England. With this new contract, we are proud to continue to lead the transition in advancing Maine’s energy market.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
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