Standard Solar acquires 28.8 MW community solar portfolio from AC Power
Standard Solar, Inc. acquired a six-project 28.8 MW community solar portfolio in New Jersey and Illinois from AC Power. This acquisition leverages Standard Solar's 512 MW safe-harbored module inventory, reducing schedule and pricing risks for the projects, which are in various stages of development from pre-construction to operational. The portfolio includes two projects in New Jersey totaling approximately 6 MW and four projects in Illinois totaling approximately 22.8 MW, with expected completion dates in 2026 and 2027.
Counterparts (2)
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- 28.8 MW community solar portfolio acquired
- Six projects across New Jersey (~6 MW) and Illinois (~22.8 MW)
- Standard Solar leveraging 512 MW safe-harbored module inventory
- Projects range from pre-construction to operational, completing 2026-2027
Source Intelligence
Standard Solar procured a 512 MW safe-harbored FEOC-compliant solar module inventory last August. AC Power is a woman-owned solar development company that specializes in putting clean energy on previously disturbed land. The acquired projects are on previously disturbed properties, including closed landfills and brownfield parcels. AC Power has sold 80 MW of developed projects since its founding in 2016 and maintains an active pipeline of more than 200 MW across the Northeast and Midwest. Standard Solar intends to serve as the long-term owner and operator of the six-project portfolio, adding to its more than 500 MW of solar across the United States.
"Standard Solar, Inc., a developer, owner and operator of commercial and community solar assets, recently acquired a six-project 28.8 MW community solar portfolio in New Jersey and Illinois from AC Power"
"recently acquired a six-project 28.8 MW community solar portfolio in New Jersey and Illinois from AC Power"
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