Standard Solar announced the purchase of two community‑solar projects in New York from EDF power solutions North America. The Water Chestnut and Hanoverian projects add roughly 8 MW to Standard Solar’s existing New York portfolio, which already includes 82.3 MW of solar and 5.6 MW of storage. The acquisition expands the developer’s footprint in one of the nation’s most active distributed‑solar markets.
Standard Solar Acquires Two New York Community Solar Projects
Standard Solar, a developer, owner and operator of commercial and community solar assets, confirmed the acquisition of the Water Chestnut and Hanoverian projects from EDF power solutions North America. The two projects together total about 8 MW and are located in Allegany and Monroe counties. The announcement cites Standard Solar’s “continued focus on acquiring high‑quality community solar assets in New York and nationwide.” Megan Byrn, VP of Business Development at Standard Solar, highlighted the partnership with EDF power solutions as a means to move strong projects forward efficiently.
Project Details and Timeline
- Water Chestnut – 3.9 MW, sited in Alfred Station, Allegany County.
- Hanoverian – 4 MW, sited in West Henrietta, Monroe County.
Both projects received awards from NYSERDA and are slated for completion in early 2027. Once operational, they will supply clean electricity to local subscribers and expand community access to solar benefits. Rod Viens, VP and General Manager of Distribution‑Scale Power at EDF power solutions, said Standard Solar brings “long‑term ownership experience and operational discipline” needed for sustained value.
Implications for New York Distributed Solar Market
New York remains a leading U.S. solar market, with more than 7,900 MW of installed capacity—enough to power over 1.3 million homes, according to the Solar Energy Industries Association. The state ranks seventh nationally for installed solar and continues to advance distributed solar through policies that support community solar. Standard Solar’s acquisition adds to its existing 82.3 MW of solar and 5.6 MW of storage in the state, reinforcing its position among the larger community‑solar owners. The deal also reflects a broader trend of developers consolidating high‑quality projects to meet state‑level renewable targets and to provide stable, long‑term capacity for utilities and other off‑takers.
Key Takeaways
- Standard Solar acquired the 3.9 MW Water Chestnut and 4 MW Hanoverian community solar projects from EDF power solutions North America.
- The projects, located in Allegany and Monroe counties, received NYSERDA awards and are expected to be completed in early 2027.
- Adding roughly 8 MW brings Standard Solar’s New York solar holdings to 82.3 MW of solar and 5.6 MW of storage, deepening its footprint in a market with over 7,900 MW of installed capacity.
EnergyInsyte's Take
The acquisition underscores Standard Solar’s strategy of scaling its community‑solar portfolio in a state where policy and market conditions remain favorable for distributed renewables. Executives should monitor the projects’ interconnection timelines and any forthcoming state incentives that could affect revenue streams. Uncertainty remains around the final pricing structure for subscriber contracts and the impact of potential changes to NYSERDA funding mechanisms.
Source: Businesswire
