Scout Clean Energy acquires 369 MWdc solar project in Illinois

0

BOULDER, Col., December 30, 2021 / PRNewswire / – Scout Clean Energy (“Scout”), a Colorado The based renewable energy developer, owner and operator is pleased to announce the acquisition of the large-scale Blue Sky Solar (“Blue Sky”) project from its original developer, RES (Renewable Energy Systems). The approved development plans provide for the installation of a 369 MWdc solar installation on a 2,700-acre site in Grundy County, Illinois.

“We are delighted to make another investment in renewable energy with the RES team,” said Michael rucker, CEO and Founder of Scout Clean Energy. “Project Blue Sky is one of the largest solar projects approved to date in the PJM and is the second solar project in the Midwest that Scout has added to its expanding renewable energy portfolio this year. Blue Sky is an ideally located project allowing the supply of significant solar energy. to the Greater Chicago Region. Blue Sky is further diversifying our fleet through wind, solar and storage. Scout will close 2021 with more than 12,000 MWdc in our development pipeline and more than 1,200 MWdc of renewable projects in operation through United States. “

Blue Sky has received unanimous approval for a special use permit with Grundy County in december 2020, under the Grundy County Solar Ordinance. RES started the land acquisition and interconnection studies on the site in 2018. The project should receive its full interconnection agreement in the third quarter of 2022.

“We are delighted to be working again with Scout Clean Energy” said John rohde, CEO of RES in the Americas. “We are proud of our work in developing projects focused on clean energy and a sustainable future. This agreement and our partnership with Scout brings us closer to our vision of a future where everyone has access to affordable zero carbon energy. “

The Blue Sky facility will be built near Morris, Illinois and is expected to begin commercial operations in 2024. Once commercial operations are achieved, Blue Sky will supply approximately 585,000 megawatt hours of carbon-free renewable electricity to the PJM grid annually, enough to power more than 67,000 Illinois houses.

“Scout plans to invest more $ 400 million to bring Blue Sky through construction and into operations and will support over twenty new jobs in the current operations phase. The electricity generated by this project will allow Scout to bring the many benefits of low cost, carbon-free solar power to the center Illinois“, explained Rucker.

The project has a finalized and executed property tax abatement agreement with all tax jurisdictions in Grundy County. It is estimated that county tax jurisdictions will receive $ 36.3 million in tax revenue over the life of the project, including $ 25.4 million reserved for the local school district.

“Scout has accomplished so much over the past year, which is a testament to our incredible team of experienced renewable energy professionals and the continued support provided by our sponsor, Quinbrook Infrastructure Partners,” continued Rucker. “Blue Sky Solar is one of our first large-scale solar projects and is another important step in Scout’s rapid growth as a leading US developer, owner and operator of renewable energy. We plan to announce further investments in projects and the closure of PPA in early 2022. “

Scout is a holding company of Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on renewables, storage and grid support infrastructure.

About Scout Clean Energy

Scout Clean Energy (www.scoutcleanenergy.com) is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with more than 1,200 MW of assets in operation. Scout is actively developing a portfolio of over 12,000 MW of onshore wind, solar PV and battery storage projects in 17 US states. Scout has expertise in all aspects of renewable energy project development, licensing, power marketing, finance, construction, 24/7 operations and asset Management. Scout is a holding company of Quinbrook Infrastructure Partners.

About Quinbrook Infrastructure Partners

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewable energy, storage and grid support infrastructure and operational asset management in the United States, in the UK and Australia. Quinbrook is led and managed by a senior team of energy industry professionals who have collectively invested in c.$ 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.$ 28.7 billion or 19.5 GW of supply capacity. Quinbrook has made a diverse range of direct investments in large-scale and distributed onshore wind and solar power, battery storage, standby peak capacity, biomass, fugitive methane recovery, hydropower and flexible energy management solutions in the US, UK and Australia.

About RES

RES is the world’s largest independent renewable energy company, active in onshore and offshore wind, solar, energy storage, transmission and distribution. At the forefront of the industry for more than 40 years, RES has delivered more than 22 GW of renewable energy projects around the world and supports a portfolio of operational assets in excess of 7.5 GW worldwide for a large customer base. Understanding the unique needs of corporate clients, RES has secured 1.5 GW of Power Purchase Agreements (PPAs) providing access to energy at the lowest cost. RES employs over 2,000 people and is active in 10 countries.

CONTACT:
Chad Thompson
901-331-0779

SOURCE Scout Clean Energy


Source link

Share.

About Author

Comments are closed.