Gaz Métro acquires Standard Solar to enter U.S. commercial market

Standard Solar's project portfolio, like this rooftop array on the Terry Sanford Federal Building, made it the perfect acquisition target for Gaz Métro, which has been looking for a way to enter the U.S. commercial solar market.

Canadian energy giant Gaz Métro has been searching for an entree into a U.S. commercial solar market it sees as on the cusp of exploding. Today, it finally found its path.

This morning, the company announced it had purchased Maryland commercial solar installer Standard Solar, a company that currently has projects in seven of the Top 10 solar states in the country.

Standard Solar has 100 MW of projects currently under management and an 80 MW pipeline of commercial projects, which gives Gaz Métro instant credibility in the U.S. commercial market. The Maryland company will continue to operate under its own name with its current management. Financial terms of the deal were not disclosed.

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