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June 19, 2018 at 8:30 AM EDT

WGL Energy Recognized in National Study of Top Performing Solar Projects

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.

Source: WGL Energy

WGL Energy
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