Gaz Métro acquires U.S.-based Standard Solar
Standard Solar is an solar energy firm specializing in the development, installation and financing of commercial solar electric systems in many states across the United States.
This strategic deal not only expands Gaz Métro’s presence and expertise in the rapidly growing U.S. solar energy industry, but also opens the door to a promising approach of combining solar energy with other energy sources such as natural gas in the U.S.
The acquisition also contributes towards fulfilling Gaz Métro’s objective of actively participating in the reduction of the energy sector’s environmental footprint and to lowering GHG emissions.
Based in Rockville, Maryland, Standard Solar is a commercial, industrial and institutional solar developer, engineering, procurement and construction management, as well as operations and maintenance services provider.
It is operating in multiple states in the U.S., including California, Connecticut, Maryland, Massachusetts, New Mexico, New York, North Carolina, and Washington D.C. Standard Solar currently has a portfolio of construction-ready projects for a total of nearly 80 MW, a significant development pipeline, and over 100 MW of solar generation capacity under management services. ■