Standard Solar has expanded its neighborhood photo voltaic portfolio in Rhode Island by buying a 4.9 MW undertaking from Freepoint Photo voltaic LLC.
The Woodville ground-mounted neighborhood photo voltaic undertaking in Richmond, Rhode Island, was developed by Freepoint Photo voltaic. The array is anticipated to supply 7,700 MWh of power yearly.
Following the acquisition, Customary Photo voltaic would be the undertaking’s long-term proprietor and operator. The array will present clients with regionally produced clear power and assist meet the state’s objective of transitioning to 100% renewable power by 2030, as mandated in 2020. The neighborhood photo voltaic undertaking, a part of Rhode Island’s Renewable Power Progress Program, will permit clients within the state to learn from clear power financial savings by offsetting their electrical energy payments with photo voltaic power.
This neighborhood photo voltaic undertaking comes at a time of rising electrical energy costs throughout the nation, with Rhode Island having a number of the highest charges within the nation.
“Offering much-needed aid from rising power prices to clients is important to furthering the clear power economic system, and collaborating with companions like Freepoint Photo voltaic brings us a step nearer to that objective,” mentioned Harry Benson, director of enterprise improvement, Customary Photo voltaic. “This undertaking, which can serve lots of in the neighborhood, performs a big half in transitioning Rhode Island right into a 100% renewable power state and can assist attain its objective of being the primary state within the nation to do that by 2030.”
Along with accelerating the state’s clear power provide, the Woodville undertaking will generate new long-term funding, financial savings and job development alternatives throughout the economic system.
Freepoint Photo voltaic managing director Peter Ford mentioned the corporate “continues to search for alternatives in New England to help the area’s transition towards a renewable future.”