Washington DC-based Sol Systems has acquired a 540MW solar development portfolio in southeast Illinois from Arevon Energy for an undisclosed price.
The portfolio is one of a number of acquisitions Sol Systems is making to scale its Impact and Infrastructure platform across the US.
The portfolio consists of three 180MW solar projects located across Hamilton, Randolph, Saline, and White counties.
Sol Systems will own and operate the portfolio and will work with energy developer Tenaska to develop and construct the projects.
In addition to delivering clean energy locally, Sol Systems will develop and operate the projects in a manner intended to enable local employment opportunities and additional community benefits.
Once complete, the portfolio will produce enough solar energy per year to power nearly 77,000 homes.
Sol Systems senior vice president of utility scale solar development Patty Rollin said: “This acquisition begins Sol Systems’ significant expansion into utility-scale solar development in Illinois.
“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.”
Arevon chief operating officer Justin Johnson added: “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.
“We are pleased to contribute to the growth of clean energy usage in Illinois.”
Tenaska senior vice president of development Steve Johnson said: “The Tenaska team has been excited about solar development in southeast Illinois since the inception of these projects.
“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.”