Sol Systems LLC purchased a portfolio of 540MW solar development projects in southeast Illinois from Arevon Energy. This portfolio is just one of many acquisitions Sol Systems made to expand its Impact + Infrastructure platform in the U.S.
“This acquisition begins Sol Systems’ significant expansion into utility-scale solar development in Illinois,” says Patty Rollin, senior vice president of utility-scale solar development at Sol Systems. “We are eager to work with Tenaska to construct and deliver clean solar energy to the grid and to create long-term community and ecological benefits at scale.”
The portfolio consists three 180 MW DC projects that are located in Hamilton, Randolph, Saline, and White Counties. Sol Systems will manage the portfolio and work with Tenaska, an energy developer, to develop and build the projects.
“This sale is a continuation of the partnership between Sol Systems and Arevon, which began with our joint venture, Sol Customer Solutions, providing distributed generation solutions to commercial customers,” states Justin Johnson, Arevon’s COO. “We are pleased to contribute to the growth of clean energy usage in Illinois.”
“The Tenaska team has been excited about solar development in southeast Illinois since the inception of these projects,” comments Steve Johnson, Tenaska’s senior vice president of development. “We are eager to continue moving forward in collaboration with Sol Systems and bringing the associated project benefits – jobs, tax revenue, landowner lease payments and other economic opportunities – to the region.”