Scout Clean Energy, a renewable energy developer and Quinbrook Infrastructure Partners portfolio company, acquired the 369 MW Blue Sky utility-scale project in Grundy County, Illinois, from RES (Renewable Energy Systems).
The Blue Sky project has approved development plans and is expected to receive its full interconnection agreement in the third quarter of 2022. The project is expected to go online in 2024 and will provide an estimated 585,000 MWh of power a year into the PJM grid when up and running.
“We are pleased to complete another renewables investment with the team at RES,” said Michael Rucker, CEO, and founder of Scout Clean Energy. “The project is one of the largest solar projects approved to date in the PJM and is the second Midwest solar project Scout has added to its expanding renewables portfolio this year.”
“Blue Sky is a uniquely located project enabling the supply of significant solar power to the Greater Chicago region. Blue Sky further diversifies our fleet across the wind, solar, and storage. Scout will close out 2021 with over 12,000 MW in our development pipeline and more than 1,200 MWdc of renewable projects in operation across the United States,” added Michael Rucker.
Recently the company announced a deal to acquire a 112 MW DC solar project in Missouri. It will end in 2021 with a 1,200-MW DC operating portfolio in the US and a development pipeline of more than 12,000 MW DC of wind, solar, and battery storage projects.
“We are excited to be working with Scout Clean Energy again,” said John Rohde, CEO of RES in the Americas. “We are proud of our work in developing projects that focus on clean energy and a sustainable future. This deal and our partnership with Scout bring us closer to our vision of a future where everyone has access to affordable zero-carbon energy,” he added.
According to Mercom’s 9M and Q3 Solar Funding and M&A report, 15.8 GW of solar projects were acquired in Q3 2021, compared to 25 GW in Q2 2021.