SunVest Solar LLC recently flipped the switch on three Illinois community solar projects the company acquired from another developer — the first in a long series planned nationwide for the Wisconsin-based developer.
“Community solar is key for states, like Illinois, planning to transition to renewable energy,” said Tim Polz, chief development officer of SunVest Solar LLC. “We are actively launching and acquiring community solar sites in 14 states, with more to come.”
Two of Illinois’ community solar sites, located in the communities of Glenwood and Mazon, are within Commonwealth Edison territory. The third site, located in the south of the Elbe, is in the territory of Ameren. The Glenwood site is believed to be the first community solar project to energize Cook County. The three sites are 2MWac.
Projects like these are made possible through state incentives and programs, including Renewable Solar Energy Credits (SRECs) and the Illinois Climate and Fair Employment Act (CEJA), signed into law by Governor Pritzker a year ago today on September 15, 2021. SunVest, which builds, owns and operates large-scale community solar sites, is poised to grow with the Illinois market.
“SunVest makes distributed solar power more accessible to residents and businesses while creating jobs and training a diverse workforce,” Polz said. “We are building long-term relationships with landowners and industry partners and plan to acquire, own and operate community solar projects.”
SunVest has acquired nearly 90 MWac of projects in Illinois in conjunction with another developer, a partnership that has to date resulted in nearly 74 MWac of total solar projects being powered on or achieved milestones keys to notice of prosecution. The company’s dynamic development and construction team, combined with strong financial partners, has enabled SunVest to acquire additional assets in the near future.
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