Gorham Savings Bank Now Carbon Neutral

Gorham Savings Bank, a leading Southern Maine financial services institution, announced today at a ribbon-cutting ceremony that its 1.1-million-dollar investment in clean technology is now operational. The installation was formally named the Daniel P. Hunter Solar Farm after the bank’s recently retired CFO and COO who spearheaded the project.

“We’re carbon neutral,” said Steve deCastro, president and CEO of Gorham Savings Bank. “The solar array will offset virtually all our electricity costs across 11 branches and several office locations. Increasing our reliance on clean power alternatives was clearly the right thing to do not just for the bank but for our environment and the community.” He continued, “dedicating the project to our long-time friend and colleague, Dan Hunter, is only fitting. He’s a strong proponent of sustainable energy and was the driving force behind this initiative.”

About The Project

GSB staff poses at ribbon cutting for new solar farm

The array will generate 1 million kilowatt-hours (kWh) annually and is located behind to GSB’s Operations Center at 10 Wentworth Drive in Gorham. Maine-based ReVision Energy designed the 2,310-photovoltaic-panel, five-inverter array. Nate Niles, director of development at ReVision, spoke at the ceremony remarking that, “We could not be more thrilled to partner with Gorham Savings Bank on this project.”

The array is estimated to offset more than 1.1 million pounds of carbon annually, or the equivalent of 59,042 gallons of oil, over the next 40 years.

L to R: Alden Joy (Facilities Director, Gorham Savings Bank), Kevin Jensen (Economic Development Director, Town of Gorham), Carolyn Eyerman (Town Planner, Town of Gorham), Nate Niles (Director of Development, ReVision Energy), Dan Hunter (former COO & CFO, Gorham Savings Bank), Steve deCastro (President and CEO, Gorham Savings Bank) with Tom Poirier (Director of Community Development, Town of Gorham).