Sol Systems will soon start construction on a 123-MWAC solar portfolio in Illinois after successfully closing on financing. These projects will be built in Knox, Tazewell and Peoria Counties on more than 900 acres.
“This milestone reflects our ability to move high-quality projects from development into construction with the capital structure, execution discipline and partner support needed to build a durable owned-and-operated portfolio,” said Richard Romero, CFO at Sol Systems.
The solar portfolio is expected to create around 300 construction jobs, generate over $25 million of long-term property tax revenue, and contribute to local economic and community development across central Illinois.
SOLV Energy will be the portfolio’s EPC. SOLV also worked with Sol Systems on the 189-MWDC Eldorado Solar Project in southern Illinois.
“We’re proud to continue our partnership with Sol Systems as the Peoria Solar Portfolio moves into construction,” said George Hershman, CEO of SOLV Energy. “Our teams share a commitment to delivering high-quality clean energy infrastructure safely and reliably, while creating lasting value for the communities where these projects are built. We look forward to bringing our utility-scale EPC experience to another important Sol Systems portfolio in Illinois.”
News item from Sol Systems
