Standard Solar Expands Illinois Community Solar Portfolio with 84 MW Acquisition

Feb 13, 2024 04:49 PM ET

• Standard Solar expands its community solar portfolio in Illinois with the acquisition of 14 projects, showcasing their success in a challenging economic landscape.

Standard Solar, a Brookfield portfolio company, has acquired a community solar portfolio in Illinois consisting of 14 projects with a total capacity of 84 MW. The portfolio includes three sets of community solar gardens, with construction set to begin in 2024 and conclude by the end of 2025. Standard Solar currently owns and operates over 350 MW of solar across the US and this acquisition expands its collaboration with developer New Leaf Energy to 20 projects in three states.

The acquisition of the Illinois community solar projects demonstrates Standard Solar’s ability to succeed in a challenging economic landscape, according to Mike Streams, Chief Development Officer at Standard Solar. The company is a commercial and community solar developer and asset owner based in Rockville, Maryland.

How does Standard Solar’s acquisition of Illinois community solar projects showcase their success?

• The acquisition of the community solar portfolio in Illinois showcases Standard Solar’s commitment to expanding its presence in the renewable energy market.
• The addition of 14 projects with a total capacity of 84 MW demonstrates Standard Solar’s ability to secure and manage large-scale solar projects.
• The construction timeline of 2024 to 2025 highlights Standard Solar’s long-term vision and dedication to the development of sustainable energy infrastructure.
• The collaboration with developer New Leaf Energy further solidifies Standard Solar’s position as a trusted partner in the renewable energy industry.
• Standard Solar’s ownership and operation of over 350 MW of solar across the US demonstrates their experience and expertise in the sector.
• The acquisition in Illinois also signifies Standard Solar’s commitment to supporting local communities and providing them with access to clean and affordable energy.
• The success of this acquisition further strengthens Standard Solar’s reputation as a leading player in the community solar market.
• Standard Solar’s ability to navigate the challenging economic landscape of the renewable energy industry showcases their resilience and adaptability.
• The acquisition in Illinois contributes to Standard Solar’s overall goal of reducing carbon emissions and promoting sustainable energy solutions.
  
• This expansion into Illinois opens up new opportunities for Standard Solar to contribute to the state’s renewable energy goals and support its transition to a clean energy future.