Gaz Métro acquires US solar energy developer
Acquisition expands Quebec energy company’s reach in the US.
The deal, through Gaz Metro’s Valener subsidiary, expands the Quebec energy company’s reach in the rapidly growing US solar energy industry, and opens the door to combining solar with other energy sources such as natural gas.
Based in Rockville, Md., Standard Solar is a solar develop, operations and maintenance services provider operating in California, Connecticut, Maryland, Massachusetts, New Mexico, New York, North Carolina, and Washington DC.
Standard Solar currently has a portfolio of construction-ready projects for a total of nearly 80 megawatts and more than 100 megawatts of solar generation capacity under management services.
Gaz Métro, through its Vermont-run subsidiary Green Mountain Power, operates approximately 30 megawatts of solar in the state, and has sponsored hundreds of solar air preheating system projects in Québec.