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Standard Solar Acquires 28.5 Mw Commercial Solar Project From True Green Capital Management, Expands Ownership Portfolio Into Idaho

Jan 11, 2022•almost 4 years ago

Acquiring Company

Standard Solar

Acquired Company

Standard Solar

RockvilleRockvilleEnergyEnergy

Description

Standard Solar, a leader in the ownership, operation, funding and development of commercial and community solar assets, today announced it has acquired a fully operational 28.5 megawatt (MW) solar project from funds managed by True Green Capital Management. The acquisition, the company’s first in Idaho and one of its largest to date, underscores Standard Solar’s significant growth and leadership.

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