SunVest Solar Expands Solar in Illinois

SunVest Solar is developing three collaborative solar projects in Illinois, the first of many nationwide.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

SunVest Solar acquires and powers three collaborative solar projects in Illinois, USA. The first of many nationwide. The company is thus developing through renewable energy projects that combine private and public.

SunVest Solar develops three solar projects

SunVest Solar is developing three collaborative solar projects in Illinois. These acquisitions are the first of many planned nationwide. The company is making progress toward its goal of developing clean electricity.

Tim Polz, SunVest Solar’s Director of Development, states:

“Collaborative solar is a key component for states, like Illinois, that are planning to transition to renewable energy. We are actively launching and acquiring community solar sites in 14 states, with more to come.”

All three sites have a capacity of 2 MWac. Projects like these are made possible by state incentives and programs. This includes solar renewable energy credits (SRECs). As well as the Illinois Climate and Equitable Jobs Act (CEJA), signed into law by Governor Pritzker.

SunVest, which builds, owns and operates large-scale collaborative solar sites, is poised to grow along with the Illinois market.

SunVest has acquired nearly 90 MWac of projects in Illinois in collaboration with another developer. A partnership that to date has energized nearly 74 MWac of total solar projects or reached key notice of completion milestones. SunVest wants to acquire additional assets in the near future.

SunVest Solar LLC

The company is one of the largest developers of distributed solar projects in the country. The company is developing community solar projects in key markets throughout the country.

Distributed solar projects for commercial/industrial clients. As well as solar assets for utilities, cooperatives, municipalities and others.

Cypress Creek Renewables begins construction of the Hanson Solar project in Texas, backed by structured financing combining debt and equity, to support the ERCOT grid and supply Meta’s operations.
Facing massive overcapacity, US tariff pressures and rapid technological change, India's solar module sector is preparing for major industrial restructuring dominated by a few integrated groups.
Econergy has connected its 52MW solar project in Resko, Poland, to the grid, supported by a 19-year virtual power purchase agreement signed with Apple.
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.
Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.
French renewable energy producer Neoen has signed an agreement with Plenitude to sell 52 assets totalling 760 MW of capacity on the French market.
A national tool led by ADEME lists agrivoltaic installations across France to support their regulatory oversight, as the sector sees rapid growth following the 2023 law.
The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.
Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.
Despite reaching a record $807bn in 2024, renewable energy investment growth slowed sharply, with funding heavily concentrated in advanced economies and China.
French renewable heat provider Newheat has inaugurated the largest agricultural solar thermal plant in the country, supplying the Les Tomates d’Auïtou site with 5,400 MWh annually.
First Solar launches a $330mn industrial project in Gaffney to add 3.7 GW of domestic solar capacity and create over 600 jobs, strengthening its manufacturing presence in the United States.
Ecopetrol has finalised the acquisition of solar assets in Colombia from Statkraft for $157.5mn, adding more than 0.6 GW of installed capacity to its energy portfolio.
The Kuwaiti government has invited six international consortia to submit bids for a new 500-megawatt solar project under phase III of the Al Shagaya complex.
Exowatt strengthens its capital to industrialise its P3 solar solution and meet the strong demand from AI-powered data centres across the United States.
US-based T1 Energy strengthens its industrial footprint with two successive capital injections and prepares for the launch of its G2_Austin facility, while doubling production at its G1_Dallas site in the fourth quarter.
Velto Renewables becomes the sole owner of Europe's largest floating solar power plant after finalising the transaction with Q ENERGY, strengthening its presence in France.
Voltalia has launched electricity production at Sarimay Solar, a 126-megawatt solar plant in Uzbekistan, marking a key milestone in the deployment of new photovoltaic capacity in the country.
rPlus Energies has completed the acquisition of two solar and storage projects totalling 900 MW in Ada County, reinforcing its position as a key energy player in the western United States.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.