Standard Solar, a prominent commercial and community solar developer, has completed the acquisition of an 18.5-megawatt solar project portfolio in Vermont from local developer MHG Solar. The six projects, now owned and operated by Standard Solar, are set to contribute clean energy to Vermont’s electric utilities as part of the state’s Standard Offer Program. This move solidifies Standard Solar’s commitment to advancing sustainable energy solutions in the region.
Bolstering Vermont’s Renewable Energy Goals
The acquisition signifies a significant expansion of Standard Solar’s presence in Vermont, demonstrating its dedication to supporting the state’s green energy objectives. The six projects are expected to generate clean electricity, making substantial contributions to Vermont’s renewable energy targets while mitigating greenhouse gas emissions. Additionally, the initiatives are anticipated to create numerous local job opportunities, fostering economic growth and community development.
“We are thrilled to be taking this significant step forward in the Vermont solar market with our long-term partner MHG Solar,” said Eric Partyka, Director of Business Development, Standard Solar. “This acquisition allows us to play a vital role in helping Vermont achieve its renewable energy targets.”
Project Details and Completion Timeline
The portfolio comprises projects across Vermont, including Evergreen Solar, Halladay Solar, Midway Solar, Steinberg Solar, Stone Mill Solar, and Trolley Tracks Solar. All projects, collectively contributing 18.5 MW, are slated for completion by the end of this year.
The power purchase agreement (PPA) is established with VEPP Inc., the Standard Offer Facilitator for existing and new Standard Offer Projects. VEPP distributes electric power acquired from Vermont renewable resources to all 17 Vermont utilities on a pro-rata basis.
Acknowledging Vermont’s Supportive Policies
Standard Solar emphasizes Vermont’s positive policy framework through VEPP’s Standard Offer RFP process, enabling the realization of these projects. This collaboration highlights the success of Standard Solar’s commitment to advancing renewable energy solutions in Vermont, following its first project partnership with MHG Solar in 2020.
About Standard Solar
Standard Solar is a national leader in developing, funding, and owning commercial and community solar assets. With over 20 years of sustainable growth, the company owns and operates more than 350 megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, a global leader in renewable power and climate transition assets. Learn more at standardsolar.com.
Source：businesswire.com
