Ameren to buy 150-MW Illinois solar project from Invenergy

The Southern Oak Solar Energy Center in Georgia. Source: Invenergy

February 17 (Renewables Now) - US utility Ameren Missouri has struck a deal to acquire a 150-MW solar project that is being developed by Chicago, Illinois-based Invenergy LLC in the latter’s home state.

The Missouri-focused electric utility held by Ameren Corp (NYSE:AEE) announced the agreement on Wednesday without providing financial details. The name of the target project was not disclosed, either.

Located in the southeastern parts of Illinois, the solar photovoltaic (PV) plant could start commercial operations as early as 2024. Its commissioning will depend on the timely issuance of regulatory permits, the buyer said.

The acquisition aligns with the goals set in Ameren’s 2020 integrated resource plan, which envisages an investment of USD 4.5 billion (EUR 4bn) to back the deployment of 3.1 GW of renewables capacity by 2030. By 2040, the utility aims to have 5,400 MW of installed renewable energy plants.

The deal is subject to closing conditions and regulatory clearance.

(USD 1.0 = EUR 0.879)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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