Standard Solar, a leading solar energy company, has recently acquired a 12 MW community solar project portfolio from New Leaf Energy. This venture marks Standard Solar’s entrance into Virginia’s community solar market and signifies an important step towards a future powered by solar energy.

The newly acquired solar projects, located in Chatham and Kilmarnock, not only add value to Standard Solar’s growing portfolio but also reflect the company’s firm commitment to expanding solar accessibility for all. Harry Benson, a representative from Standard Solar, emphasizes the significance of these community solar initiatives, stating, “They represent our unwavering commitment to expanding access to solar for all.”

These projects offer localized job opportunities and provide substantial allocations for low- and moderate-income customers, highlighting Standard Solar’s vision of a cleaner and more equitable energy future. By partnering with New Leaf Energy, these investments further strengthen the long-standing collaboration between the two companies in advancing renewable energy solutions within the communities they serve.

The Kilmarnock projects, boasting a combined capacity exceeding 7 MW, are exclusively dedicated to low- and moderate-income customers. Once completed, the single-axis tracker systems are expected to generate an estimated 19,811 MWh of clean energy each year. This represents a significant contribution to reducing carbon emissions and promoting sustainable energy practices in the region.

Standard Solar’s acquisition of these three community solar projects in Virginia highlights their dedication to expanding solar accessibility and fostering a cleaner, more sustainable future. By undertaking these initiatives, the company demonstrates its commitment to not only meeting energy demands but also providing ample opportunities for low- and moderate-income households to benefit from solar energy.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.