Aspen Power To Acquire Community Solar Portfolio in Illinois
01 Mayo 2024 - 8:02AM
Business Wire
Initial portfolio of 20 community solar
projects continues Aspen Power’s mission to expand access to solar
throughout the United States
Aspen Power, a distributed generation platform with the mission
of accelerating and democratizing decarbonization, announced today
that it is partnering with a developer to acquire 20 community
solar projects up to 19 MW, primarily in Illinois. The portfolio
consists of projects in various stages, including projects already
in construction and set to be commissioned this year.
“We are excited to announce plans to acquire these solar
projects in Illinois. Expanding Aspen’s geographical portfolio
plays a significant role in advancing decarbonization and
increasing access to green energy in new communities,” said Dan
Gulick, Senior Vice President, Community Solar, Aspen Power.
Community solar has expanded in Illinois in recent years under
the Climate and Equitable Jobs Act (CEJA). CEJA includes strategies
to make solar energy more accessible to low- and moderate-income
communities. Aspen Power’s acquisition reflects the positive market
conditions in the state, resulting from continued policy
support.
This acquisition continues the expansion of states where Aspen
Power owns and operates community solar projects. With the addition
of the Illinois portfolio, Aspen currently owns and operates
community solar projects across five states with community solar
programs: Maine, New York, Maryland, and California. Nationwide,
Aspen has developed or acquired hundreds of solar projects spanning
24 states.
Aspen has partnered with Common Energy to subscribe and manage
the community solar projects. Local households can opt into the
community solar program and save money on their electricity bills
while simultaneously lowering emissions.
“We are excited to partner with Aspen Power on this portfolio,”
said Richard Keiser, Founder and CEO, Common Energy. “These
projects will bring real economic benefits to Illinois residents
and low-income families, and real environmental benefits to the
broader community,” he added.
With the goal of reaching gigawatt scale by mid-decade, Aspen
Power is committed to advancing the transition to a more
sustainable energy future nationwide, across the spectrum of
distributed generation. These projects help increase renewable
energy production, promote clean energy jobs and reduce greenhouse
gas emissions.
About Aspen Power
Aspen Power is a distributed energy generation platform with the
dual mission of accelerating and democratizing decarbonization. We
partner with businesses, communities, and others in the industry to
develop, construct, own and operate renewable energy assets. Our
experienced team is passionate about solving our clients’ energy
challenges to deliver a sustainable future throughout the U.S. For
more information, please visit aspenpower.com.
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MEDIA Aspen Power Darius Razgaitis 646-465-8114
media@aspenpower.com