Standard Solar expands it’s nationwide asset portfolio by recently acquiring 10 MW of community solar projects in Oregon.
“This latest acquisition underscores the company’s expansion in the burgeoning Oregon market and across the U.S.,” said Mike Streams, Standard Solar’s Chief Development Officer. “These projects match our aggressive growth strategy, buying great projects that we will own for the long-term and taking strides to boost our nation’s clean energy transition and economy.”
Three community solar arrays will produce enough energy to offset the electricity bills of residents and businesses in Portland General Electric’s and Pacific Power’s service territories. Additionally, these projects include a 10 percent savings to low-to-moderate income subscribers.
“This portfolio of projects contributes directly to Oregon’s clean energy economy by providing additional revenue through taxes, local economic development for the state and local governments, job creation and providing a clean, renewable energy source to residents, businesses and towns,” said Eric Partyka, Director of Business Development, Standard Solar.
All three projects are expected to commence construction over the next 12 months.
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