Standard Solar acquires US solar, storage project
Standard Solar has acquired the Knox Solar and Storage project in Acton, Massachusetts from developer EDF Renewables North America.
Financial terms of the transaction were not disclosed.
The projects includes:
The project is anticipated to produce 1,872MWh of clean energy, which is enough to power nearly 200 Massachusetts households for a whole year.
The developer said the project will further Massachusetts’ clean energy goals to achieve net zero by 2050.
"The Knox project is the latest in a series that demonstrates our continued growth in Massachusetts and around the US," said Eric Partyka, director of business development at Standard Solar.
Meanwhile, Knox Solar and Storage is the second solar system owned and operated by Standard Solar that serves the Acton Water District.
The company’s other asset includes the 4.7MW Lawsbrook solar and 4MWh storage Lawsbrook Project, which were also developed by EDF Renewables.
Standard Solar currently manages around 20MW in the state and 300MW of commercial and community solar projects throughout the US.