SunVest Photo voltaic has closed the acquisition and undertaking financing for a 50 MW portfolio of group photo voltaic initiatives in Illinois and Maine
A number of Illinois initiatives have been acquired by means of a three way partnership growth settlement with one other developer. The remaining initiatives in each states have been developed internally by the corporate. Development on the initiatives has begun, with all anticipated to start operations subsequent yr.
The Illinois portfolio consists of a number of initiatives constructed on contaminated land above shuttered coal mines, with the websites set to be restored and recultivated with pollinator-friendly seed mixes and used for agrivoltaic functions. The Maine websites are positioned on the northeast nook of the continental U.S.
“We’re thrilled to advance our mission of cultivating entry to renewable power for America by means of these new group photo voltaic initiatives,” says Bram Walters, CEO of SunVest Photo voltaic.
“This milestone validates our multi-dimensional origination technique involving self-development and undertaking acquisitions. At this time’s announcement furthers our objective to develop, construct, personal and function top quality and long-term property throughout the nation.”
