ROCKVILLE, Md.--(BUSINESS WIRE)--Expanding its nationwide asset portfolio, Standard Solar, Inc., a recognized leader in the ownership, operation, funding and development of commercial and community solar assets, today announced it has acquired 10 megawatts of community solar projects in Oregon.
“This latest acquisition underscores the company’s expansion in the burgeoning Oregon market and across the U.S.,” said Mike Streams, Standard Solar’s Chief Development Officer. “These projects match our aggressive growth strategy, buying great projects that we will own for the long-term and taking strides to boost our nation’s clean energy transition and economy.”
The energy produced by the three ground-mount community solar arrays will allow residents and businesses in the Portland General Electric (PGE) and Pacific Power service territories to benefit from clean energy savings by offsetting their electricity bills with solar energy. Additionally, these projects include a 10 percent savings to low-to-moderate income (LMI) subscribers.
“This portfolio of projects contributes directly to Oregon’s clean energy economy by providing additional revenue through taxes, local economic development for the state and local governments, job creation and providing a clean, renewable energy source to residents, businesses and towns,” said Eric Partyka, Director of Business Development, Standard Solar.
All three projects are expected to commence construction over the next 12 months.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 250 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
For project acquisition and development inquiries, contact Eric Partyka, Director of Project Development, 443-350-1776, eric.partyka@standardsolar.com and on LinkedIn.
