Standard Solar Media Hub
Investment accelerates Standard Solar’s growth and channel opportunities in distributed generation solar, energy storage markets; bolsters Gaz Métro’s presence in the booming U.S. solar energy industry
Gaz Metro Inc. became the latest Canadian energy company to look south of the border for new sources of revenue after snapping up Standard Solar Inc. to tap into the growing U.S. renewable market.
On Tuesday morning, Standard Solar announced that it is being acquired by Gaz Metro, a Canadian diversified energy company that also owns Green Mountain Power (GMP) – the distribution utility for the majority of Vermont.
The acquisition allows the Maryland commercial firm to expand its service offerings and explore the possibilities of becoming an independent power producer.
Maryland-based Standard Solar Inc. recently completed a 708 kW solar project at the corporate center of DANAC LLC, a commercial real estate developer, in Rockville, Md. The project consists of a parking garage solar canopy, a solar carport and a rooftop system and totals 2,180 PV modules and 19 inverters.
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