logo
logo

Standard Solar Completes Acquisition Of 6.2 Megawatt Rhode Island Community Solar Portfolio From Trina Solar

Oct 18, 2022over 2 years ago

Acquiring Company

Standard Solar

Acquired Company

6.2 Megawatt Rhode Island Community Solar Portfolio

RockvilleEnergy

Description

Standard Solar, Inc., a recognized leader in the development, funding, ownership and operation of commercial and community solar assets, is expanding its community solar portfolio in Rhode Island with the acquisition of a combined 6.2 megawatts of projects from Trina Solar.

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.

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

Related People

Jeri hidden

hidden
hidden

Megan hidden