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Aspen Power expands solar portfolio and acquires 20 community projects in Illinois

Representative image. Photo credit: Canva

Aspen Power, a leading power generation platform dedicated to accelerating and democratizing decarbonization, announced its collaboration with a developer to procure 20 community solar projects totaling up to 19 megawatts (MW), located primarily in Illinois. These projects span various stages of development, including those already under construction and scheduled to be commissioned later this year.

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Dan Gulick, senior vice president of Community Solar at Aspen Power, expressed excitement about the acquisition and highlighted its role in advancing decarbonization efforts and expanding access to renewable energy in previously underserved communities.

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The rise of community solar initiatives in Illinois is due to the Climate and Equitable Jobs Act (CEJA), which implements strategies to increase the accessibility of solar energy, particularly for low- and middle-income communities. The recent acquisition of Aspen Power underscores the state's favorable market conditions, fueled by continued political support.

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This expansion marks Aspen Power's presence in an increasing number of states where the company owns and operates community solar projects. With the addition of the Illinois portfolio, Aspen now has community solar projects in five states with active community solar programs: Maine, New York, Maryland and California. Nationally, Aspen has led the development or acquisition of numerous solar projects in 24 states.

In collaboration with Common Energy, Aspen aims to support community solar projects and oversee their management. Through this collaboration, local households can opt into the community solar program, reducing their electricity costs while reducing emissions.

Richard Keizer, founder and CEO of Common Energy, expressed excitement about the partnership, emphasizing the tangible economic benefits these projects will bring to Illinois residents and low-income families, as well as the environmental benefits to the broader community.

With a goal of reaching gigawatt scale by mid-decade, Aspen Power remains committed to its commitment to driving the transition to a more sustainable energy future nationwide through various forms of distributed generation. These projects play a critical role in promoting renewable energy production, promoting clean energy job opportunities and mitigating greenhouse gas emissions

Anna Harden

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