ROCKVILLE, MD.--(BUSINESS WIRE)--
Leading national solar companies Pivot Energy and Standard Solar have expanded their partnership to co-develop five more community solar sites across Colorado. The portfolio of projects, all ground mount arrays, will total approximately 8.9 megawatts (MWs). The first two projects in the expanded portfolio will begin construction at the end of summer with all five expected to be completed by summer 2020.
Standard Solar will finance, own and maintain the community solar arrays that Pivot Energy will develop and construct. Once the arrays are live, customer enrollment and subscriptions will be managed through SunCentral, Pivot Energy’s proprietary community solar customer management interface that provides users with a seamless and enjoyable community solar experience.
“Community solar is currently the hottest segment of the solar industry, and we see unlimited opportunities for growth, especially through strong partnerships like the one we have with Pivot Energy,” said Scott Wiater, president and CEO of Standard Solar. “We look forward to funding more opportunities in Colorado and nationwide with our in-house capital, making more projects – from 100 kWs to dozens of MWs – a reality.”
Together, the projects are expected to produce 17,791,770 kilowatt hours (kWh) of energy annually. That translates to offsetting the greenhouse gas emissions from 2,671 passenger vehicles driven for one year and the CO2 emissions from 1,507 homes’ energy use for one year.
“Pivot Energy is thrilled to partner with Standard Solar to bring more clean and affordable solar energy to residents, businesses, and communities in our home state,” said Jon Sullivan, vice president of project development for Pivot Energy. “Pivot is committed to accelerating the country’s transition to a clean and distributed electric grid. The projects and partnership we have built with Standard Solar represent us getting one step closer to achieving that commitment.”
In October of last year, the two companies partnered on 13 community solar sites totaling 10.3 MWs along the I-70 corridor in Colorado – including several towns, school districts and housing authorities (low income residents). One of the projects in this initial portfolio, the Garfield County Housing Authority (GCHA), was selected by the Colorado Solar & Storage Association as its 2019 Community Solar Project of the Year. The first ten projects in the original portfolio have completed construction and are operating today with the final three under development.
Colorado installed 20 MWs of community solar last year, bringing its total installed base to about 55 MWs and placing it fourth in the country for cumulative capacity, according to Wood Mackenzie Power & Renewables.
About Standard Solar
Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com
About Pivot Energy
Pivot Energy is a Denver-based solar energy company that is focused on helping accelerate the rapid transition taking place in the energy industry to a more decentralized and cleaner approach to power generation. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities, and financiers. The company develops, finances, builds, and manages community and commercial solar projects around the country. Pivot operates on a triple bottom line basis, measuring success by the positive impact to people, planet, and profit. Learn more at pivotenergy.net.
Copyright Business Wire 2019