Standard Solar Acquires 21 MW Community Solar Project Portfolio from New Leaf Energy; Expands Ownership Portfolio in Northeast

ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leader in the ownership, operation, funding and development of commercial and community solar assets, today announced it has acquired a planned 21 megawatts (MW) of solar projects in New York and Massachusetts, from New Leaf Energy.

“Community solar projects like these will generate clean, reliable energy needed by residents and businesses and are integral in helping New York and Massachusetts reach their renewable energy and climate goals,” said Michael Streams, Chief Development Officer for Standard Solar. “We’re excited to partner with New Leaf Energy, a like-minded leader in clean energy, as we expand our presence in the state.”

According to the Solar Energy Industries Association, New York ranks ninth in the U.S. for installed solar, while Massachusetts ranks tenth.

The Copicut project in Freetown, Massachusetts, is a single-axis tracker solar plus battery storage project with over 12 MW of solar and 22-megawatt hours of storage. Upon completion, it will produce 17,924-megawatt hours of energy annually. The project received an award from the state’s Solar Massachusetts Renewable Target (SMART) program, which provides solar and storage project incentives.

The almost 3MW Main Street Newbury system is located in Byfield, Massachusetts and is fully subscribed to commercial and residential subscribers in Byfield and the surrounding area. This project is expected to produce 3,571-megawatt hours of clean energy annually.

The Saunders Settlement project in Sanborn, New York, is over 6 MW and is expected to produce approximately 8,861 MWh annually.

“At New Leaf Energy, we take pride in focusing on projects that provide the greatest value to decarbonizing the electricity system, and community solar projects fit that bill: they bring clean, renewable power to more consumers and add resiliency to the electrical grid,” said Brendan Neagle, New Leaf Energy’s Executive Vice President for Project Finance. “We are excited to continue our partnership with Standard Solar and bring more community solar online where it's needed most.”

“Meeting the growing demand across the country for community solar is critical to growing an equitable clean energy economy,” said Harry Benson, Director of Business Development for Standard Solar. “These projects go a long way toward increasing affordable energy in the Northeast.”

About Standard Solar

Standard Solar, a Brookfield Renewable company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar and solar + storage to businesses and institutions, farms, governments, communities, and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in developing, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.

For project acquisition and development inquiries, contact Harry Benson, Director of Project Development, 240-802-6012, [e-mail] and on LinkedIn.