Standard Solar acquires 18 MW solar portfolio
Published by Theodore Reed-Martin,
Editorial Assistant
Energy Global,
Standard Solar, a leading commercial and community solar developer and asset owner, today announced the acquisition of an 18.5 MW solar project portfolio in Vermont from local developer MHG Solar.
The six projects, owned and operated by Standard Solar, will provide clean energy to Vermont’s electric utilities under the state’s Standard Offer Program. This purchase underscores Standard Solar’s commitment to promoting sustainable energy solutions and advancing the development of solar power in the region. The portfolio, spread across Vermont, marks a substantial growth of Standard Solar’s presence in the state. With the inclusion of these projects, the company is actively advancing Vermont’s green energy objectives and reinforcing its status as a vibrant solar energy hub. These initiatives are poised to produce clean electricity capable of powering thousands of homes in Vermont, significantly curbing greenhouse gas emissions. They are also expected to foster the creation of numerous local job opportunities, promoting economic prosperity and community development in the region.
The projects include Evergreen Solar, 2.9 MW in Fair Haven; Halladay Solar, 3.3 MW in Middlebury; Midway Solar, 3.3. MW in Berlin; Steinberg Solar, 3.3 MW in Brandon; Stone Mill Solar, 2.8 MW in Castleton; and Trolley Tracks Solar, 2.8 MW in Poultney. All projects are expected to be completed by the end of this year.
The power purchase agreement (PPA) is with VEPP Inc., the standard offer facilitator for existing and new standard offer projects. VEPP acquires electric power from Vermont renewable resources and then distributes it to all 17 Vermont utilities on a pro-rata basis.
Standard Solar announced its first project partnership with MHG Solar in 2020 for a 3.2 MW solar project in Wallingford, Vermont. This collaboration marked a pivotal moment in Standard Solar’s commitment to advancing renewable energy solutions in the Vermont solar market.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2024 issue
The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.
Read the article online at: https://www.energyglobal.com/solar/13032024/standard-solar-acquires-18-mw-solar-portfolio/
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