Saddleback Mountain Partners with Arctaris and Nexamp on 31-Acre Solar Project

Saddleback Mountain Ski Resort, owned by Arctaris Impact Investors, LLC, has engaged with Nexamp for the construction of a new 31-acre community solar farm on its property that will generate 7.36 MW of clean energy.

The solar project will offset more than 14 million pounds of carbon annually while reducing Saddleback’s energy costs and adding new operational revenue through a long-term lease agreement.

Arctaris, an Impact Investment group that purchased Saddleback in 2020, is making substantial improvements to the mountain and helping to restore the business as a major employer and destination in the region.

Among its many improvements, Arctaris has installed a new detachable quad chairlift, a new high-speed T-Bar, two additional surface lifts, new snowmaking equipment, a new groomer fleet and a renovated base lodge. A new mid-mountain restaurant-lodge is under construction.

“Saddleback has a long history in Maine as a family destination that has provided important economic, employment and recreational opportunities in western Maine,” said Jonathan Tower, Founder and Managing Partner of Arctaris. “We are committed to positioning Saddleback for long-term sustainability, both economic and environmental. With this project, Arctaris is significantly advancing both of those goals.”

“The Saddleback project is representative of the very real benefits available to businesses in proactively addressing the climate challenge,” said John Murphy, Nexamp Senior Vice President of Corporate Development. “In pursuing this initiative, the resort is helping to achieve Maine’s ambitious renewable deployment and decarbonization goals while controlling operating costs and generating meaningful revenue for additional capital improvements. We’re thrilled to partner with the Arctaris team to help make their vision a reality for the Saddleback community.”