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Standard Solar completes acquisition of 6.2 MW portfolio from Trina Solar
Standard Solar completes acquisition of 6.2 MW portfolio from Trina Solar
Listen to this articleRockville-based Standard Solar Inc., an owner and operator of commercial and community solar assets, is expanding its community solar portfolio in Rhode Island with the acquisition of a combined 6.2 megawatts of projects from Trina Solar.
The two ground-mount community solar projects – West Main 1 and West Main 2 – developed by Trina Solar are located in Portsmouth. Rhode Island has some of the highest electricity prices in the country and they are expected to continue to increase. These new projects will allow subscribers – a mix of state agencies, quasi-state agencies, municipalities, public housing authorities, public schools, private schools, nonprofits, federal government and hospitals – in the National Grid service territory to benefit from clean energy savings by offsetting their electricity bills with solar energy.
All the power generated will be subscribed utilizing the state’s Virtual Net Metering program.
These projects will contribute to achieving Rhode Island’s goal to meet 100% of the state’s electricity demand with renewable energy by 2030. In addition to accelerating clean energy supply, the projects will generate new long-term investment, savings and job growth opportunities across the economy.
Combined, the arrays are expected to produce approximately 8,600 MWh of clean energy annually, which is equivalent to offsetting the CO2 emissions from 4,134,853 pounds of coal burned, charging 454,600,730 smartphones or 727 homes’ electricity use for one year.
Both projects are expected to be completed in 2023.
