Standard Solar, a prominent developer and proprietor of commercial and community solar projects, has acquired a 18.5-MW solar project portfolio in Vermont from local developer, MHG Solar.
Standard Solar, as the owner and operator, will deploy six projects in Vermont, supplying clean energy to the state’s electric utilities through its Standard Offer Program. This acquisition reaffirms Standard Solar’s dedication to advancing sustainable energy solutions and bolstering solar development in the area.
This portfolio, spanning Vermont, signifies a significant expansion of Standard Solar’s presence within the state. With these projects, the company actively supports Vermont’s green energy goals and strengthens its role as a dynamic solar energy center. These endeavors are poised to generate clean electricity for thousands of Vermont households, contributing substantially to greenhouse gas emission reduction. Moreover, they are expected to catalyze the creation of numerous local job opportunities, fostering economic growth and community advancement.
The projects, including Evergreen Solar (2.9 MW in Fair Haven), Halladay Solar (3.3 MW in Middlebury), Midway Solar (3.3 MW in Berlin), Steinberg Solar (3.3 MW in Brandon), Stone Mill Solar (2.8 MW in Castleton), and Trolley Tracks Solar (2.8 MW in Poultney), are expected to be completed by year-end.
The power purchase agreement (PPA) is with VEPP Inc., serving as the Standard Offer Facilitator for existing and new Standard Offer Projects. VEPP procures electric power from Vermont’s renewable sources, distributing it equitably to all 17 Vermont utilities.
“We are thrilled to be taking this significant step forward in the Vermont solar market with our long-term partner MHG Solar,” said Eric Partyka, Director of Business Development, Standard Solar. “We firmly believe in the transformative power of solar energy, and this acquisition allows us to play a vital role in helping Vermont achieve its renewable energy targets. We are fully committed to partnering with the local authorities and stakeholders to ensure a seamless integration of these solar projects into the existing energy infrastructure.”
“MHG is excited to be partnered with Standard Solar on this portfolio of projects,” noted one of MHG’s Owners, Thomas Hand. “MHG is exclusively focused on developing thoughtfully located, high-quality, clean energy projects in Vermont to help guide the State forward on its continued path as a national leader in renewable energy commitments and this portfolio represents another big step in that direction. We’re excited for the future of renewable energy in Vermont.”
“MHG is excited to be partnered with Standard Solar on this portfolio of projects,” added Thomas Hand. “MHG is exclusively focused on developing thoughtfully located, high-quality, clean energy projects in Vermont to help guide the State forward on its continued path as a national leader in renewable energy commitments and this portfolio represents another big step in that direction. We’re excited for the future of renewable energy in Vermont.”
“We are thrilled to be taking this significant step forward in the Vermont solar market with our long-term partner MHG Solar,” said Eric Partyka, Director of Business Development, Standard Solar. “We firmly believe in the transformative power of solar energy, and this acquisition allows us to play a vital role in helping Vermont achieve its renewable energy targets. We are fully committed to partnering with the local authorities and stakeholders to ensure a seamless integration of these solar projects into the existing energy infrastructure.”
“It is also important to highlight and acknowledge the supportive, positive policy framework that the state of Vermont provides through VEPP’s Standard Offer RFP process, which makes these projects possible,”added Partyka.
