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By Associated Press
July 31, 2018
Standard Solar, Inc., a leading solar energy company specializing in the development and financing of solar electric systems nationwide, recently celebrated the completion of a 9.8 megawatt solar project for City of Gallup (Gallup), New Mexico. Standard Solar provided financing for the 28,896 panel single-axis tracker array. The solar farm is expected to generate more than 20 million kilowatt-hours of power annually saving the city approximately $785,000 and providing nearly 10% of the city’s energy use in the first 8 years of operation.
The solar farm, constructed on approximately 31 acres of city-owned land south of Interstate Highway 40, will generate enough electricity to power 2,500 homes and offset production of 3,500,000 pounds of carbon dioxide annually.
“We’re excited that our unique ability to finance this project played a role in bringing it to its completion,” said Scott Wiater, President & CEO, Standard Solar. “City officials at all levels were committed to making this project a success, and it was an honor for us to be involved.”
On July 17, Wiater, along with CTO of Mangan Renewables H.D. Boesch, the City of Gallup Mayor Jackie McKinney, City Electric Director Richard Matzke and City Manager Maryann Ustick, participated in the ribbon cutting event for the new array.
“This array will have a huge impact on the City of Gallup and its future,” said Matzke. “When the opportunity to protect our environment and save our citizens money presented itself, we were thrilled to take advantage. We appreciate everyone involved in the project for helping us bring it to fruition.”
Standard Solar financed the project and will own and operate the array. Mangan Renewables, a division of Mangan Inc., developed the project in partnership with Wiser Capital and their proprietary underwriting platform.
Construction is complete, and the array is operating and producing power.
The project provided local employment opportunities for 58 jobs during the construction phase and two ongoing positions.
About Standard Solar
Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com
renewable energy sector
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