Standard Solar, a Maryland-based development, funding, ownership, and operation company focused on commercial and community solar assets, announced the financing and operation of 17 community solar projects in Minnesota and Massachusetts totaling 24.6 MW.
Tax equity financing was secured in a partnership with Crestmark, a division of MetaBank N.A.
Sixteen of the projects are in Minnesota, and all are operating. According to Standard Solar, the projects are expected to generate 3.89 million kWh annually for a mix of commercial and residential subscribers under long-term contracts.
The 2.8 MW project in Massachusetts is expected to be fully online this month.
With the addition of these projects, Standard Solar’s portfolio of operational community solar projects exceeds 175 MW.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.