Montreal: Gaz Métro Limited Partnership announced the acquisition March 7, through one of its subsidiaries, of Standard Solar, Inc., a solar energy firm specializing in the development, installation and financing of commercial solar electric systems in many states across the United States.
Based in Rockville, Maryland, Standard Solar is a commercial, industrial and institutional solar developer, also involved in engineering, procurement and construction management, as well as an operations and maintenance services provider operating in multiple states in the U.S. It currently has a portfolio of construction-ready projects for a total of nearly 80 MW, a significant development pipeline, and over 100 MW of solar generation capacity under management services.
Through the agreement, Gaz Métro indirectly acquires 100% of Standard Solar's shares. The transaction is pending a regulatory approval and is expected to close in the coming weeks.