On December 5, 2014, the Loring Development Authority of Limestone, Maine and The Power Company of Washington, Maine announced that construction had begun on a 200 KW solar energy project, named “Loring Solar II” on the former Loring Air Force base, which closed in 1994.
Under the terms of a special lease agreement, LDA will act as host and off-taker of the electricity. In exchange, LDA leases the equipment and realizes a net saving in electric costs.
Loring Solar II will consist of 30 dual-axis-tracking devices. Combined with Loring Solar I, the 2 projects will produce approximately 385 MWh per year, enough to off-set 250 tons of carbon production annually.