Standard Solar acquires 28.8 MW community solar portfolio from AC Power

Standard Solar is expanding its community solar footprint through the acquisition of a 28.8 MW portfolio from AC Power, announced on 2026-03-09. This transaction involves six development-stage projects located across New Jersey and Illinois, including sites in Berlin, Freehold, South Barrington, Hillsboro, and Lockport. The deal allows Standard Solar to integrate these assets into its existing 512 MW safe- capacity, further building on its over 600 MW of solar assets. Acquiring projects at the development stage enables Standard Solar to capture value earlier in the project lifecycle, aligning with its strategy to develop, finance, own, and operate solar assets. The undisclosed value for this portfolio suggests a structured agreement, common for development-stage asset transfers. AC Power, a Princeton, USA-based renewable energy development company founded in 2016, specializes in solar and energy storage projects, particularly on redeveloped landfills. The sale of this 28.8 MW portfolio allows AC Power to monetize its development expertise and recycle capital for future projects. Standard Solar, a U.S.-based solar energy company, actively pursues expansion, and this acquisition directly contributes to that objective by adding capacity in two key U.S. states. This move demonstrates Standard Solar's continued focus on growing its community solar presence across diverse geographies within the United States.