November 14, 2024

Standard Solar Acquires 25-MWp PV Project from Balanced Rock

Standard Solar, a leading developer and owner of commercial and community solar projects, has acquired the 25-megawatt (MWdc) Windhub Solar B PV project from Balanced Rock Power (BRP), a developer of large-scale renewable energy projects in the western United States.

PV Project to Support California’s Clean Energy Goals

Located in Kern County, California, and connected to the Windhub Substation, the solar PV project will provide clean energy to Southern California Edison. This project supports the utility’s objective of achieving 100% carbon-free power by 2045 while helping to meet California’s growing demand for sustainable electricity.

“This acquisition is another example of our successful partnerships with innovative developers like BRP, allowing us to bring high-quality solar projects to market efficiently. It aligns with our strategy of acquiring utility-scale projects in the 20 to 75 MW range. Our expertise in these types of acquisitions enables us to strategically expand our clean energy portfolio and provide dependable, sustainable power to the grid,” said Mike Streams, Chief Development Officer of Standard Solar.

Windhub Solar B to Generate 56,674 MWh Annually

The 25 MWdc ground-mounted solar PV project will cover 160 acres, with the solar array itself occupying 112 acres. A portion of the land will be preserved to protect a native Joshua Tree grove, reducing the project’s environmental impact and supporting local biodiversity. Once operational, Windhub Solar B is expected to produce approximately 56,674 megawatt-hours (MWh) of renewable energy annually, supplying clean electricity to the local grid.

With the California Independent System Operator (CAISO) predicting a substantial rise in peak power demand, the Windhub Solar B PV project is a timely and crucial development for bolstering the state’s power grid reliability. In addition to generating clean energy, the project is expected to create local construction jobs and deliver long-term economic benefits to Kern County through higher tax revenue and community investments.

“Balanced Rock Power is building on its recent successes to bring additional renewable energy capacity to the power grid across the United States. We are excited to work with all of our partners, including Standard Solar, to bring this project to fruition,” said John Knight, CEO of Balanced Rock Power.

Partners’ Commitment to Sustainable Energy

Standard Solar is helping drive the nation’s energy transformation, leveraging its project development expertise, financial strength, and technical know-how. The company delivers solar and solar + storage solutions to a wide range of clients, including businesses, institutions, farms, governments, communities, and utilities.

With two decades of sustainable growth and a strong foundation in investment capital, the company is a national leader in developing, funding, and managing commercial and community solar projects. A trusted financial partner with substantial resources, Standard Solar owns and operates over 350 megawatts of solar across the U.S. The company is a portfolio entity of Brookfield—one of the world’s largest owners and operators of renewable energy and climate transition assets.

Balanced Rock Power is dedicated to advancing the clean energy sector and accelerating the transition to a sustainable future. The company develops large utility-scale solar and battery energy storage projects through greenfield development and strategic acquisitions. Its team brings over 50 years of combined experience in renewable energy, specializing in the development, investment, and sale of projects across North America.

Disclaimer: The information published here is aggregated from publicly available sources. PVknowhow.com does not guarantee the accuracy, completeness, or timeliness of the content. If you identify any incorrect or misleading information, please contact us so we can review and, if necessary, correct it.

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