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Standard Solar Acquires 84-Megawatt Community Solar Portfolio in Illinois, Demonstrates Unparalleled Leadership

PRIVATEFeb 12, 2024

Acquiring Company

Standard Solar

Acquired Company

New Leaf Energy

RockvilleLowellEnergySustainabilityNatural ResourcesRenewable EnergyBiomass Energy

Description

Standard Solar, a leading commercial and community solar developer and asset owner, has acquired an 84-megawatt community solar portfolio in Illinois from developer New Leaf Energy. This acquisition demonstrates Standard Solar's commitment to expanding clean energy access and contributing to Illinois' renewable energy generation goals, ultimately reducing greenhouse gas emissions and advancing a more sustainable energy landscape.

Quick answer

Standard Solar is acquiring New Leaf Energy, announced February 12, 2024. Standard Solar is based in Rockville, Maryland, United States.

How much did Standard Solar pay for New Leaf Energy?
The deal value was not disclosed.
What does Standard Solar do?
Standard Solar, a Brookfield company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as..
Where are Standard Solar and New Leaf Energy based?
Standard Solar is based in Rockville, Maryland, United States. New Leaf Energy is based in Lowell, Arkansas, United States.
Who are the decision-makers at Standard Solar?
Fundz holds 3 contacts at Standard Solar. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Standard Solar

Location

Rockville, Maryland, United States

About

Standard Solar, a Brookfield company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 16 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States.

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Frequently asked

Who acquired New Leaf Energy?

New Leaf Energy was acquired by Standard Solar, based in Rockville. The deal was reported on February 12, 2024. Standard Solar is privately held and operates in Energy.

When did Standard Solar acquire New Leaf Energy?

Standard Solar's acquisition of New Leaf Energy was reported on February 12, 2024. Standard Solar, a leading commercial and community solar developer and asset owner, has acquired an 84-megawatt community solar portfolio in Illinois from developer New Leaf Energy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does New Leaf Energy do?

New Leaf Energy is a developer in the renewable energy industry. The company has made a long-term commitment to Illinois and is dedicated to expanding clean energy access to communities throughout the state. It is privately held, operating in Renewable Energy, and is based in Lowell.

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