WASHINGTON--(BUSINESS WIRE)--Jun. 19, 2018--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005270/en/
Source: WGL Energy
WGL Energy
News Media:
Bernie Tylor, 202-624-6778
btylor@washgas.com
or
Financial
Community:
Douglas Bonawitz, 202-624-6129
