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ME LD1700
Bill
Status
5/28/2025
Primary Sponsor
Melanie Sachs
Click for details
AI Summary
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Adds "direct loans" as a new financing option available to the Maine Clean Energy and Sustainability Accelerator for qualified projects
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Requires Efficiency Maine Trust to establish a pilot project providing financing for renewable energy generation and grid technology projects, including energy storage, microgrids, and smart grid applications
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Mandates at least $1,000,000 be invested in creditworthy pilot projects within 24 months of the effective date, using existing accelerator funds
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Requires a report to the Legislature's energy committee by January 29, 2028, evaluating pilot project effectiveness and describing each funded project
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Became law without the Governor's signature on June 10, 2025
Legislative Description
An Act to Create a Direct Investment Pilot Project Under the Maine Clean Energy and Sustainability Accelerator
Electric Utilities
Last Action
PASSED TO BE ENACTED, in concurrence.
5/28/2025