Champagne corks must have popped in every office of Borrego Solar yesterday. The company released its 2016 growth numbers, and they were gaudy.
According to the company, it grew 76% in terms of the megawatts it installed and doubled its profits from the previous year. That’s eight straight years of profitable growth, the company says.
GTM Research’s installer leaderboard pegged Borrego Solar as a top commercial developer nationally, driven at least in part by its dominance in its two most important markets, Massachusetts and New York. The company reported that it installed 90 MW in Massachusetts and 28 MW in New York, which brings the total MW installed to 213 MW and 55 MW in those two states respectively.
Mike Hall, CEO of Borrego Solar, offered effusive praise for the company’s team, who he said were passionate about the solar industry and finding the most cost-effective solar solutions for the company’s clients.
“We’re thankful for the trust that our customers across the country placed in us to engineer, construct and maintain high-performing solar projects,” Hall said. “We have built relationships with a great network of subcontractors and suppliers who work with us consistently across our three core markets.”
Also in 2016, the company launched its energy storage division. The company aims to leverage storage in order to enable higher penetration of renewable energy on the grid. It also reported a nearly 80% increase in the MW under management for its operations-and-maintenance division, which covers 15 states.