Six-project portfolio from AC Power expands long-term ownership footprint while advancing responsible land reuse and reducing supply-chain risk

ROCKVILLE, Md.--(BUSINESS WIRE)--

Standard Solar, Inc., a leading developer, owner and operator of commercial and community solar assets, today announced it has acquired a six-project community solar portfolio totaling 28.8 megawatts (MW) in New Jersey and Illinois from AC Power, a woman-owned solar development company that specializes in putting clean energy on previously disturbed land. All six projects are sited on closed landfills and brownfield parcels, transforming capped or constrained properties into long-term community energy assets.

Standard Solar’s 512 megawatt (MW) safe-harbor solar panel inventory enabled this acquisition by providing immediate procurement certainty and reducing one of the market’s biggest schedule and pricing risks. With long-lead equipment already secured, the projects can move straight into execution, compressing timelines and accelerating construction and completion while remaining resilient amid ongoing supply-chain variability.

“This acquisition reflects our continued appetite for high-quality community solar projects that are ready to move and align with our near-term deployment strategy,” said Megan Byrn, VP of Business Development, Standard Solar. “AC Power is a proven partner, and their landfill and brownfield expertise aligns with our focus on responsible siting and long-term performance. With 512 MW of safe-harbored panels secured, we are actively seeking projects where we can deploy that inventory quickly to reduce procurement risk and deliver subscriber savings and reliable local generation sooner.”

The portfolio includes two community solar projects in New Jersey totaling approximately 6 MW, located in Berlin and Freehold. Together, the New Jersey projects are expected to generate approximately 7,693 megawatt hours (MWh) in their first year and are scheduled to reach completion in 2027.

In Illinois, Standard Solar acquired four projects totaling approximately 22.8 MW, located in South Barrington, Hillsboro and two sites in Lockport. The Illinois projects are expected to generate approximately 33,092 MWh in their first year, with three projects scheduled for completion in 2026 and the remaining project scheduled for completion in 2027.

All six sites are previously disturbed properties, including closed landfills and brownfield parcels, developed by AC Power using ballasted racking systems that preserve the integrity of existing site caps and environmental controls.

“Standard Solar is an ideal long-term owner for this portfolio because they share our commitment to delivering real value to subscribers and the communities where these projects operate,” said Annika Colston, founder and CEO of AC Power. “Their safe-harbored panel inventory gives these projects a clear path from closing to construction, and we're proud to see this work move into execution with a partner we trust.”

About Standard Solar

Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar and solar + storage to businesses and institutions, farms, governments, communities and utilities. Building on 20 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in developing, 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 500 megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power and climate transition assets. Learn more at standardsolar.com, LinkedIn and on X: @StandardSolar.

For project acquisition and development inquiries, contact Megan Byrn, VP of Business Development, at [email protected] and on LinkedIn.

About AC Power

AC Power is an award-winning, woman-owned development company that exclusively transforms contaminated and underutilized properties into clean energy assets. Specializing in brownfields, closed landfills, EPA Superfund sites, and formerly industrialized land, AC Power develops community solar and commercial-scale clean energy projects that generate local tax revenue, create jobs, and restore environmental value to communities. Since its founding in 2016, the company has sold 80 megawatts of developed projects and maintains an active pipeline of more than 200 megawatts across the Northeast and Midwest, establishing AC Power as a national leader in brownfield solar development. The company was recognized as Owens Corning's Sustainability Partner of the Year and a Trailblazer Winner at the Cleanie Awards. AC Power is headquartered in New York. Learn more at acpowerllc.com.

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Source: Standard Solar, Inc.