05/28/2026
The secret is out! The Town of Chestertown has officially announced the construction of an MCEC-supported 2.2 MW dual-array project that will power the town's municipal operations and deliver affordable electricity to residents via community solar. That is HUGE.
We are proud to have helped develop this project from the ground up. Our Procurement & Technical Assistance team worked with Chestertown leaders to review their goals and navigate procurement, contract award, utility interconnection, and construction contract management.
Our Finance team then helped carry the project over the line, providing a $1.5 million bridge loan for early mobilization through the Climate Catalytic Capital Fund and a $6 million in tax-exempt financing from Maryland Clean Energy Capital Program (MCAP) for repayment of the bridge loan and funding of the construction costs.
Once operational, the installation will contribute 1.2 MW to municipal operations and 1.0 MW for community solar, resulting in expected annual savings of $400,000 for Chestertown and 10-20% on electricity bills for residential participants.
This project is a powerful demonstration of what is possible when combining MCEC project management services and financial products. Thanks to the efforts of local leaders and coordination between Chestertown, GreenGen, Maryland Energy Administration, and MCEC, the project will deliver long-term energy cost stability for residents, increase the town’s energy independence, and drive environmental and economic value for the community.
COLLEGE PARK, Md. — The Maryland Clean Energy Center (MCEC) is pleased to announce the planned construction of a 2.2 MW dual-array solar project in Chestertown, Maryland. Developed by GreenGen and funded in part with financing from MCEC and grants from the Maryland Energy Administration (MEA), the...