Standard Solar signs an agreement to acquire 27 MW solar projects from Freepoint Solar LLC

Standard Solar has signed an agreement to acquire three distributed generation solar photovoltaic projects with a combined capacity of 27 MW located in Rhode Island, New York, USA from Freepoint Solar LLC. 

Standard Solar will engineer, build, finance, own and operate all five projects which are expected to commence construction over the next six to nine months.

The three DG projects in Rhode Island, totaling approximately 13 MW, are part of the states’ Renewable Energy Growth (REG) Program. Rhode Island’s REG Program supports the development of 560 MW of new renewable energy projects in the state between 2015 and 2020 and enables customers to sell their generation output under long-term tariffs at a fixed price.