A $275 million tax equity investment will go toward between 25 and 30 community solar projects across five states.
Electric utility ComEd and its parent company Exelon spoke in a keynote session at the Midwest Solar Expo about why, as utilities, they want growth in the community solar and rooftop solar markets.
The average per kilowatt cost declined among Illinois Solar for All projects that went online in recent years.
The company acquired two community solar projects from developer Renewable Properties.
More than 30 Wendy’s and McDonald’s franchise locations in Illinois are estimated to save an annual $20,000 in electrical costs by subscribing to community solar, the savings of which will increase as more community solar projects come online.
Nexamp secured a $520 million capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois.
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