Standard Solar Boosts California’s Clean Energy With 25 MW Solar Project Acquisition

November 15, 2024

Standard Solar, a top developer and owner of commercial and community solar projects, has acquired the 25-megawatt (MWdc) Windhub Solar B project from Balanced Rock Power (BRP), a company focused on large-scale renewable energy in the western U.S. The solar project is located in Kern County, California, and will connect to the Windhub Substation. It will provide clean energy to Southern California Edison, supporting the utility’s goal of 100% carbon-free power by 2045 and helping to meet California’s increasing need for sustainable electricity.

Mike Streams, Chief Development Officer of Standard Solar, said in a statement, “This acquisition is another example of our successful partnerships with innovative developers like BRP, allowing us to bring high-quality solar projects to market efficiently. It also aligns with our strategy of acquiring high-quality projects developed by utility-scale developers in the 20 to 75 MW range. Our expertise and appetite for these types of acquisitions enable us to strategically expand our clean energy portfolio and provide dependable, sustainable power to the grid.”

jinko

The 25 MWdc Windhub Solar B project, located in the Mojave area, will cover 160 acres, with 112 acres dedicated to the solar panels. Part of the land will be preserved to protect a native Joshua Tree grove, helping to minimize environmental impact and support local wildlife. Once up and running, the project will generate around 56,674 megawatt hours (MWh) of renewable energy each year, supplying clean electricity to the local grid.

John Knight, CEO of Balanced Rock Power, also mentioned, “Balanced Rock Power is continuing on its recent successes to bring additional renewable energy capacity to the power grid across the United States. We are excited to be able to work with all of our partners, including Standard Solar, to bring this project to fruition.”

With increasing peak power demands forecasted by the California Independent System Operator (CAISO), the Windhub Solar B project plays a crucial role in strengthening California’s power grid. Besides providing renewable energy, it is expected to create local construction jobs and deliver long-term economic benefits to Kern County through higher tax revenue and community investments. Construction of the project is set to begin in the first half of 2025. EOS Capital Advisors assisted BRP in this acquisition by offering sell-side advisory services.

Search

RECENT PRESS RELEASES