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.”
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.”
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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