Photo by Maxim Lupascu, Dreamstime
Maxim Lupascu Dreamstime

Soltage Deploys 31 MW Community Solar Portfolio in Illinois, South Carolina

Feb. 16, 2022
The portfolio consists of one project in Illinois and four projects in South Carolina

Soltage LLC, an independent power producer, is investing via its Iris capital vehicle with Harrison Street in a 31 MW portfolio of five solar projects located in South Carolina and Illinois.

The portfolio consists of one project in Illinois and four projects in South Carolina. The electricity generated from these projects will be sold to municipal, commercial and residential community solar customers, as well as local utilities. These projects will create local green job opportunities and generate tax revenue for regional economies.

This is the most recent deployment from Soltage's Iris capital vehicle with Harrison Street, a $250 million partnership announced in March 2021 to deploy 450 MW of solar and storage projects across the United States. This announcement brings the total investment deployed through the Soltage Iris vehicle to 16 total solar facilities and over 60 MWs.

This announcement demonstrates a continuation of Soltage's strategy to deploy renewable assets nationwide at scale under open regulatory programs in individual state markets. Soltage has established a leadership position in community solar markets, where power can be sold to retail customers, as well as wholesale solar markets, where electricity is sold to corporates and utilities. Soltage is active in greenfield development, and develops alongside partners, to build renewable energy projects to achieve the clean energy goals of states and customers.

Soltage has raised and invested over $1 billion into clean energy infrastructure since its founding in 2005. The company has developed over 100 clean energy projects and has more than 450 MW total distributed generating capacity under construction and management across the country.

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