New community solar farm brings Maryland closer to achieving its goal of 50% energy from renewables by 2030.
One of its largest acquisitions to date, Standard Solar gains the fully operational Mountain Home project from True Green Capital Management.
A total of nine projects will benefit more than 5,000 Maryland households through community solar subscriptions.
Also on the rise: LS Power launches Rev Renewables, El Paso Electric issues an RFP for renewables, and Biden’s infrastructure agenda clears one big hurdle but faces still more.
The 6.9 MW Lenox Community Solar Project is nearly complete and includes a 20 MWh DC-coupled battery energy storage system.
The acquisition brings the company’s total generation portfolio well over 200 MW, with all projects set to begin construction in the next 12 months.
The installations are expected to reduce the CO2 equivalent of roughly six million pounds of coal burned in their first year, and provide urban heat reduction benefits.
Tax equity financing for the 24.6 MW of capacity was secured in a partnership with Crestmark, a division of MetaBank N.A.
Also in the brief: Bank of America signs its first PPA, CS Energy has completed a 33 MW portfolio of solar projects in Texas, RP Construction Services and RECON partner to build tracker projects and more
Also in the brief: product announcements from GAF Energy, REsurety and Point Load Power.
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