Standard Solar Grows Commercial Power Purchase Agreement (PPA) Portfolio with 13.7 MW Solar Project for a Maryland-Based Healthcare System

Partnership drives sustainability and decarbonization in healthcare facilities

ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leading commercial and community solar developer and asset owner, has added another commercial power purchase agreement (PPA) to its rapidly growing portfolio.

The agreement with a leading Maryland-based healthcare system will enable it to power facilities with clean, renewable energy with no upfront or development costs.

The completed and operational 13.7-megawatt Costen Solar Farm will supply the healthcare system, one of the largest energy consumers and employers serving Maryland, with electricity under a 20-year PPA with Standard Solar, the project’s owner and operator.

Engineered to deliver approximately 19,700 megawatt-hours of Maryland-generated clean electricity in its first year, the project aligns with the system’s mission to significantly reduce its carbon footprint, support its sustainability goals and contribute to Maryland’s Renewable Energy Portfolio Standard. This initiative also demonstrates a significant step forward in the healthcare sector’s efforts to address climate change.

“Healthcare systems are among the most energy-intensive institutions in our communities, and projects like this show how PPAs can help them decarbonize without financial or operational risk,” said Mike Streams, Chief Development Officer, Standard Solar. “By structuring agreements that remove upfront costs and deliver predictable clean energy, we’re enabling healthcare providers and other large energy users to meet sustainability commitments, lower emissions and focus resources where they matter most — on patient care.”

Hospitals are known for high energy demands due to their 24/7 operations and the constant need for power for lighting, heating, cooling and life-saving medical equipment. In the United States, hospitals contribute to 8.5% of the nation’s greenhouse gas emissions, with the average hospital using more energy per square foot than any other commercial building.

“Partnering on the Costen Solar Farm shows how Standard Solar can deliver clean energy solutions in sectors with the highest energy demands,” said John Finnerty, Director of Business Development, Standard Solar. “This project is a model for other large energy consumers in Maryland, proving that clean power can be delivered efficiently into PJM accounts while advancing sustainability and financial goals. It’s also a testament to the strong collaboration between our team, Choptank Electric Cooperative and PJM.”

About Standard Solar

Standard Solar 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 20 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 nearly 600 megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power and climate transition assets. Learn more at standardsolar.com, LinkedIn, Bluesky and on X: @StandardSolar.

For project acquisition and development inquiries, contact John Finnerty, Director of Business Development, at [e-mail] and on LinkedIn.