Market Overview

Standard Solar Completes 9.8 Megawatt Solar Farm Project in Gallup, New Mexico; System to Save City $785,000 in First 8 Years of Operation

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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. Click
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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

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