Standard Solar, a community solar developer and asset owner, announced the acquisition of a 39 MW community solar portfolio in Illinois from New Leaf Energy, a clean energy project developer.
The acquired portfolio comprises five community solar projects in towns across Illinois: Blackstone, Braceville, Dwight, Seneca, and Wadsworth. The projects will use a mix of single-axis tracker and ground mount technology and are collectively expected to produce more than 46,700 MWh of clean energy in their first year of operation.
This latest acquisition expands Standard Solar’s presence in Illinois, increasing its portfolio in the state to over 30 owned, operational, under-construction, and contracted projects, with a combined capacity of 150 MW.
“This acquisition from New Leaf Energy reinforces our commitment to expanding access to solar in Illinois and reflects the strong working relationship we’ve built through multiple successful transactions,” said Harry Benson, Director of Business Development, Standard Solar. “It also marks another key addition to our growing portfolio, highlighting our focus on acquiring high-quality, strategic assets.”
The five community solar projects allow residents and businesses to subscribe to clean, renewable energy and receive credits on their electricity bills, making solar accessible to those who cannot install solar panels on their property.
“Through our strong partnership with Standard, we are proud to deliver another 39 megawatts of clean, reliable, and renewable energy to communities across Illinois, and advance our shared commitment to building a more sustainable future,” said Kate Vann, Project Finance Director, New Leaf Energy.
According to Mercom’s Q1 2025 Solar Funding and M&A report, about 13.6 GW of solar projects were acquired in Q1 2025 compared to 10.8 GW in Q1 2024.
Last month, Masdar (Abu Dhabi Future Energy Company PJSC), a UAE-based renewable energy developer, announced the acquisition of the 234 MW Valle Solar Project through its Iberian renewables subsidiary, Saeta Yield.
