WGL Energy Recognized in National Study of Top Performing Solar Projects
June 19 2018 - 8:30AM
Business Wire
A first-ever national research study ranking the top 100
performing solar projects has recognized three solar facilities
owned and operated by WGL Energy Systems (WGL Energy), a WGL
Holdings company (NYSE: WGL), as among the highest performing in
the industry.
The report, developed by kWh Analytics, the leading solar risk
management firm, and the Solar Finance Council, provides an
overview of solar project performance, expert analysis of solar
energy output and system performance benchmarks, and includes three
WGL Energy distributed generation assets in its rating of the
industry’s highest performing solar projects at both national and
regional levels in the country.
“WGL Energy is proud that our solar projects earned recognition
among the industry’s leading performers. This award reflects our
history of providing renewable energy services with dedicated
customer service and exceptional value,” said Sanjiv Mahan,
President, WGL Energy. “We are committed to delivering diverse and
efficient energy solutions from across the energy spectrum so that
customers can experience a wide range of benefits including lower
carbon emissions and stabilized long-term pricing.”
“Drawing from our data repository and risk management
experience, we created this report to celebrate our industry’s wins
and share insights that can help guide our industry forward,” said
Jason Kaminsky, Chief Operating Officer of kWh Analytics. “WGL
Energy and the other Asset League Tables awardees have demonstrated
operational excellence and investment acumen, setting the standard
for the rest of the industry.”
WGL Energy has more than 290 megawatts (MW) of distributed
generation projects installed or under contract across 21 states
and the District of Columbia. The solar projects owned and operated
by WGL Energy highlighted in the study are all based in New Mexico
and include a 1.2 megawatt (MW) system at Rio Rancho High School, a
1.2 MW facility at the Sue Cleveland High School in New Mexico, and
a 1.3 MW project at Kit Carson Elementary School.
Until now, benchmarked industry results to establish a baseline
of performance have been unavailable to compare operating results
of solar projects out in the field. The independent analysis
introduced by kWh Analytics and the Solar Finance Council is the
first objective benchmark on system performance characteristics to
evaluate technical performance of any operational solar plant
throughout the United States.
WGL Energy is among the top performing projects in the report
which represents a total of more than 2,000 MW direct current (DC)
of distributed and utility-scale photovoltaic (PV) systems. The
study is designed to showcase solar sector accomplishments,
encourage the adoption of best practices for continued growth, and
generate quality performance metrics so that investors, developers,
operators and other stakeholders can properly benchmark projects
and portfolios.
To view the report, visit:
http://www.kwhanalytics.com/AssetLeagueTablesPDF.
About WGL Energy
WGL Energy delivers a full spectrum of energy offerings,
including electricity, natural gas, renewable energy, carbon
reduction, distributed generation and energy efficiency
solutions provided by WGL Energy Services, Inc. and WGL Energy
Systems, Inc. To learn more, visit us at www.wglenergy.com. Follow
us at @wglenergy on Twitter and WGL Energy on LinkedIn.
About WGL
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities and assets across the U.S., WGL consists of Washington
Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides
natural gas, electricity, green power and energy services,
including generation, storage, transportation, distribution, supply
and efficiency. Our calling as a company is to make energy
surprisingly easy for our employees, our community and all our
customers. Whether you are a homeowner or renter, small business or
multinational corporation, state and local or federal agency, WGL
is here to provide Energy Answers. Ask Us. For more information,
visit us at www.wgl.com.
About kWh Analytics
kWh Analytics is the market leader in solar risk management. By
leveraging the most comprehensive performance database of solar
projects in the United States (20% of the U.S. market) and the
strength of the global insurance markets, kWh Analytics’ customers
use the Solar Revenue Put to minimize risk and increase equity
returns of their projects or portfolios. kWh Analytics also
provides HelioStats risk management software to leading project
finance investors in the solar market. kWh Analytics is backed by
private venture capital and the US Department of Energy. For more
information about kWh Analytics, please visit: www.kwhanalytics.com
or follow us on Twitter @kwhanalytics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619005270/en/
WGL EnergyNews Media:Bernie Tylor,
202-624-6778btylor@washgas.comorFinancial Community:Douglas
Bonawitz, 202-624-6129
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