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SunVest Solar acquires, energizes three Illinois community solar projects

September 22, 2022
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SunVest Solar acquires, energizes three Illinois community solar projects
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By Chris Crowell September 21, 2022

SunVest Solar LLC not too long ago flipped the swap on three Illinois group photo voltaic tasks the corporate acquired from one other developer — the primary of many deliberate nationwide for the Wisconsin-based developer.

“Group photo voltaic is a key element for states, like Illinois, with plans to transition to renewable vitality,” mentioned Tim Polz, Chief Growth Officer of SunVest Photo voltaic LLC. “We’re actively initiating and buying group photo voltaic websites in 14 states, with extra to come back.”

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Two of the Illinois group photo voltaic websites, positioned within the communities of Glenwood and Mazon, are in Commonwealth Edison territory. The third web site, positioned in downstate Elba, is in Ameren territory. The Glenwood web site is believed to be the primary group photo voltaic undertaking to energise in Cook dinner County. All three websites are 2MWac.

Tasks like these are made doable from state incentives and packages, together with Photo voltaic Renewable Vitality Credit (SRECs) and the Illinois Local weather and Equitable Jobs Act (CEJA), signed into regulation by Governor Pritzker one yr in the past right this moment on Sept. 15, 2021. SunVest, which builds, owns, and operates massive scale group photo voltaic websites, is ready to broaden together with the Illinois market.

“SunVest is making distributed photo voltaic extra accessible to residents and companies whereas creating jobs and coaching a various workforce,” Polz mentioned. “We set up long-term relationships with landowners and trade companions and plan to amass, personal and function group photo voltaic tasks.”

See also  Community solar after the IRA

SunVest has acquired almost 90 MWac of tasks in Illinois at the side of one other developer, a partnership that has to-date resulted in almost 74 MWac of complete photo voltaic tasks energized or achieved key notice-to-proceed milestones. The corporate’s dynamic improvement and building crew, mixed with robust monetary companions put SunVest able to amass extra belongings within the close to future.

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We have now a ton video interviews and extra content material on our YouTube web page. Lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate increased stage trade matters in addition to finest practices / developments for working a photo voltaic enterprise right this moment.

Our longer working facet undertaking is The Pitch — by which we’ve awkward discussions with photo voltaic producers and suppliers about their new know-how and concepts in order that you do not have to. We have discusses all the pieces from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new house solar + storage microgrids.

We additionally put up our Project of the Year bulletins there! Interviews with this yr’s winners will likely be up beginning the week of Nov. 8. Head there and subscribe right this moment to remain on high of all this further stuff.

Tags: Group Photo voltaic, Sunvest

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