On Tuesday morning, Standard Solar announced that it is being acquired by Gaz Metro, a Canadian diversified energy company that also owns Green Mountain Power (GMP) – the distribution utility for the majority of Vermont.
Together the companies will now be able to offer stable financing for the commercial and industrial solar sector, one that Scott Wiater, CEO of Standard Solar views as the next hot solar market.
“Having a Canadian company invest in a U.S. company [that is active] in a certain market segment is going to send signals that — and it’s been talked about quite a bit — the non-residential DG space is the next hot space for the market,” he said in an interview.
