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Standard Solar to Integrate 4.2 MW PV System into the Rhode Island Renewable Energy Growth Program

January 30, 2019

ROCKVILLE, Md.--(BUSINESS WIRE)--Jan 30, 2019--Standard Solar, Inc., a leading solar energy company specializing in the development and financing of solar electric systems nationwide, today announced an agreement with the Town of Burrillville, Rhode Island, to build a 4.2 MW system that will be integrated into the Rhode Island Renewable Energy Growth Program (REG Program).

The ground-mount project, utilizing key town property that will produce renewable energy for the community, will contain more than 11,000 solar modules and produce 5.3 GWh of electricity. That’s the CO 2 equivalent of removing 3,104,708 pounds of CO 2 from the atmosphere.

Standard Solar purchased the project from Boston-based Energy Management Inc. and will finance, own and operate the system. The project will provide electricity to the town and is expected be completed in March 2020.

“Rhode Island is a sleeping giant with the REG Program,” said Scott Wiater, president and CEO, Standard Solar. “When Energy Management approached us with the possibility of being involved in a project in the state, we were thrilled. This project with the Town of Burrillville mirrors several we have done for other towns up and down the Eastern Seaboard, so we were excited to add it to our ever-burgeoning portfolio.”

The REG Program will support the development of 560 MW of new renewable energy projects in Rhode Island between 2015 and 2020. The REG Program is the successor program to the contract-based 40 MW Distributed Generation Standard Contracts Program (DG Program) that was in place from 2011 to 2014. Eligible technologies include wind, solar, hydropower, and anaerobic digestion. In contrast to the DG Program, small-scale solar projects can participate in the REG Program.

About Standard Solar

Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190130005046/en/

CONTACT: Leah Wilkinson

Wilkinson + Associates

703-907-0010

leah@wilkinson.associates

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND RHODE ISLAND

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES OTHER NATURAL RESOURCES ENVIRONMENT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: Standard Solar, Inc.

Copyright Business Wire 2019.

PUB: 01/30/2019 08:05 AM/DISC: 01/30/2019 08:05 AM

http://www.businesswire.com/news/home/20190130005046/en