Standard Solar, Inc. has announced the financing and operation of 17 community solar projects in Minnesota and Massachusetts totaling 24.6 MW of capacity. Tax equity financing for these projects was secured in a partnership with Crestmark, a division of MetaBank.
Massachusetts and Minnesota account for about half of cumulative capacity of community solar throughout the U.S. according to the National Renewable Energy Laboratory.
Sixteen of the community solar projects are in Minnesota and all have achieved operation. Minnesota’s community solar program is one of the strongest in the U.S. and the projects are expected to generate 3.89 million kilowatt hours (kWh) of solar power yearly for customers under long-term contracts, said Standard Solar.
