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Standard Solar Expands Presence in California with Acquisition of 25 MW Solar Project from Balanced Rock Power

Nov 13, 2024•about 1 year ago

Acquiring Company

Standard Solar

Acquired Company

Balanced Rock Power

RockvilleMoabEnergyBiomass EnergySolarRenewable EnergyEnergy

Description

Standard Solar, a leading developer and owner of commercial and community solar assets, has recently acquired the 25 megawatt (MWdc) Windhub Solar B solar project from Balanced Rock Power (BRP). This acquisition aligns with Standard Solar's strategy of acquiring high-quality projects developed by utility-scale developers, enabling them to strategically expand their clean energy portfolio and provide sustainable power to the grid, while benefiting from partnerships with innovative developers like BRP.

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed