Arlington, VA based Summit Ridge Energy (SRE) proposed that ’it’ll procure 11 projects from Pivot Energy in Illinois totaling 29 MWs, growing SRE’s portfolio of community solar projects within the state more than 20.
Pivot developed 29 MWs that achieved Adjustable Block awards, and will likely be contracted by SRE to handle customer acquisition and management for these tasks.
We’ve got been fortunate to work with SRE on these projects, that is a number of the first community solar batch in the state, mentioned Pivot’s CEO, Rick Hunter. Pivot is devoted to our mission communities and the Illinois market for the long term, and we’re glad to have a partner with the identical mentality in SRE.
Mark Raeder, SRE’s Principal within the Midwest, mentioned the corporate plans to assemble over 75 MWs of community solar in Illinois alone over the following 18 months. “We’re breaking ground on several initiatives in Ameren service territory this summer, with development actions starting in ComEd shortly after that. With favorable renewable energy laws prone to cross in Springfield this fall, we’re persevering with to amass tasks throughout the state, serving to expand our presence further and reveal our strong commitment to the Illinois market.”
“Each Summit Ridge and Pivot have been active within the Illinois market since well before the launch of the Adjustable Block Program,” mentioned SRE CEO, Steve Raeder. “Our funding vehicle, Summit Ridge Capital, coupled with Pivot’s buyer aggregation platform, SunCentral, will allow thousands of customers to understand the financial benefits of community solar throughout Illinois.”
The current growth of community solar applications throughout 20 states thus far has change into the catalyst to America’s business solar business, presenting a substantial alternative for patrons who need the associated fee and environmental advantages of solar without putting in panels on their roof. Group solar offers lowered electricity costs for consumers, no matter their socioeconomic status or geographic location, protect the atmosphere and reduces our dependence on fossil fuels.