During these difficult and uncertain times, which have profoundly impacted our work and personal lives, we continue to see evidence of solar energy’s vitality. After a brief hiatus, our newsletter is back and full of positive news on forward growth for Standard Solar, our partners and the industry. In this issue, we share why community solar continues to thrive, how storage will play a vital role in the future, update you on company activities over the past five months, and provide useful tools and resources from Standard Solar experts.
FINANCE: BREAKING NEWS
Standard Solar Secures up to $105M Tax Equity Financing for Solar Projects
At the close of June Standard Solar announced a tax equity commitment for up to $105 million to finance distributed generation (DG) solar projects located in Arizona, California, Massachusetts, New York and Rhode Island.
Application of Battery Storage within Commercial DG Solar
According to Wood Mackenzie, total U.S. storage installations will still double in 2020 on a year-over-year basis. Our latest eBook examines the evolution, current uses and inevitable future of DG solar + storage.
Why Community Solar is Winning, Even In The Midst of a Pandemic
by Shaun Laughlin
The effects of the COVID-19 pandemic have touched just about every household, business and industry across the country. Renewable energy, and solar in particular, has not been spared from the impacts of the economic downturn and collective uncertainty.
How to Navigate the World of Community Solar Billing
by Will Jurith
Most community solar projects have anywhere between 20 and 100 offtakers (typically including a combination of residential, commercial and governments, among others), which makes it inherently more complicated to bill than a traditional single-offtaker project.
Standard Solar's Daryl Pilon was a guest on the popular Solar Maverick podcast, discussing the advantages of combining a roof restoration with a solar roof installation under one PPA.
While New York City stood as the epicenter of the pandemic, Governor Andrew Cuomo introduced a budget amendment in March 2020 to speed up solar permitting and construction.
In April, Virginia's Governor signed into law the historic Virginia Clean Economy Act setting a goal of 100% clean energy by 2050 for the Commonwealth.
Standard Solar Offers Community Solar Project as Test Site for Smart Inverters
Smart Inverters (SI) go beyond basic DC-to-AC conversion to add increased control and functionality. This past March, Standard Solar, Utilidata, National Renewable Energy Lab (NREL) and Chint Power Systems received an award from the New York State Energy Research and Development Authority (NYSERDA) to study the application of smart inverters.
Collaboration on 2.7 MW Solar Array on MD Farm Yields Full Circle Sustainability
Renewable energy is a natural fit for U.S. farms as they look for additional ways to manage their land for generations of production. Standard Solar recently teamed with Earth and Air Technologies LLC and Ogos Energy LLC to develop and build a 2.7-megawatt solar array on Fritz Family Farms in New Windsor, Maryland. This project, which Standard Solar financed and will own and operate, is expected to produce approximately 4,000 MW hours annually. The power will be purchased by WSSC Water, the region’s public water authority, contributing to its sustainability goals and adding value for their Maryland customers.
Standard Solar is proud to be financier and/or owner and operator of the following projects and, along the projects’ partners, we celebrate launch and completion, announced within the past six months. Click hyperlinks for more details.
This spring we officially relocated our corporate headquarters within Rockville, MD. Please make a note of our new address. While we maintain a majority telecommuting policy, according to local health and safety guidelines, we look forward to welcoming you to our custom-designed space soon.
NEW ADDRESS:
530 Gaither Road, Suite 900 Rockville, MD 20850
Standard Solar, 530 Gaither Road, Suite 900, Rockville, MD 20850, United States, 301.944.1200
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