Project tapped local labor; makes up half of Mora-San Miguel’s renewable energy mandate for the state of New Mexico. Company forecasts strong continued growth.
ROCKVILLE, MD—October 21, 2014—Standard Solar, Inc., a leader in the full-service development, construction, integration, financing and installation of solar electric systems, continues to expand westward with the completion of another solar project in New Mexico. The 1.8 Megawatt, ground-mounted solar array for the Mora-San Miguel Electric Cooperative, co-developed by Standard Solar and Ute Peak Solar, will provide approximately 5 percent of the Cooperative’s load with locally produced clean energy. ClicktoTweet
“As one of the leading states driving America’s energy boom, New Mexico is a great place for solar projects like this one for the Mora-San Miguel Electric Cooperative,” said Tony Clifford, CEO, Standard Solar. “This is Standard Solar’s latest major project in New Mexico where it has partnered with local companies to bring jobs and local production of clean energy through the development of a solar farm.”
Financing for the project was arranged through a long-term Power Purchase Agreement (PPA) by Urban Grid Holdings, LLC (Urban Grid), a specialist in the development and financing of mid- to large-sized commercial solar projects.
The 6,336 panel solar array is situated in Las Vegas, New Mexico, once a major trading stop at the end of the Santa Fe Trail and the one-time Southwestern regional headquarters for the Atchison, Topeka & Santa Fe Railroad. With an expected annual output of more than 3.5 million kilowatt hours, it is forecasted to provide the Cooperative and its ratepayers energy savings of nearly $500,000 over the life of the agreement.
“We are seeing tremendous growth in the number of electric cooperatives across the United States that supports solar energy systems to provide electricity for their members. We were pleased to team up once again with Standard Solar for this project which will provide renewable electricity to the members of the Mora-San Miguel Electric Cooperative,” said Urban Grid’s CEO, Frank DePew. “With this project, the Cooperative displays their commitment to providing members with clean renewable energy from the sun without compromising its affordable rates.”
Mora-San Miguel Electric Cooperative, serves customers in Mora, San Miguel, Guadalupe and Santa Fe Counties.
Standard Solar used Energy Concepts, a local Sapello, NM electrical contractor and experienced solar installer, as the local general contractor and system installer bringing employment and revenue to the Las Vegas economy.
Standard Solar opened its newest office in Sacramento, California earlier this year and expects to announce several new commercial solar projects in the Western United States in the coming months.
“Our opportunities to expand westward have steadily increased throughout the past few years, culminating most recently in the opening of our new office in California to support our sales team and development partners,” said Scott Wiater, president, Standard Solar. “We currently have more than 16 MW under construction or awarded and a strong development pipeline. For the remainder of this year and next year we expect to see healthy growth in the Southwest and the West – as well as in our home markets on the East Coast.”
Editor’s note: Photos available upon request.
About Standard Solar
Standard Solar, Inc. is a leader in the full-service development, construction, integration, financing and installation of solar electric systems. Dedicated to making Distributed Generation (“DG”) solar solutions more accessible, the company is leading the way to energy independence. The company is committed to offering responsible and energy cost-saving solar solutions that conform to the highest standards. Since 2004, Standard Solar has been developing solar projects to creatively solve the energy needs of commercial, industrial, educational, government, utility and other clients. The company’s Standard Energy Solutions (SES) division provides home energy solutions including home solar, energy efficiency and energy management services. Named one of the Fastest Growing Private Companies in America for four consecutive years by Inc. Magazine, Standard Solar operates nationally and is headquartered in Rockville, MD. For more information, please visit www.standardsolar.com.
About Urban Grid
Urban Grid Holdings, LLC is a leading developer and financier of solar photovoltaic (PV) projects throughout the United States. Urban Grid specializes in providing Power Purchase Agreements (PPAs) for projects ranging from 800kW – 10MW for commercial, educational, government and non-profit organizations and is committed to developing high-quality solar projects designed to generate consistent performance and predictable returns. Urban Grid is headquartered in Stevensville, MD. For more information, please visit www.urbangridco.com.
WilkinsonShein for Standard Solar
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