May 22 (Renewables Now) - Northwestern University has subscribed to 11.9 MW of community solar projects that US renewables company Clearway Energy Group LLC will build in the US state of Illinois.
Without giving details, Clearway said Thursday that the agreement with the university is a long-term one and will result in the development and construction of 16 community solar projects in the state.
Northwestern is the first major commercial subscriber to a 60-MW community solar portfolio that Clearway wants to bring to Illinois.
“Northwestern’s long-term commitment gives Clearway the financial certainty to move these solar farms from concept to reality. It will be commitments like these that collectively serve to prevent future crises and ensure that today’s Northwestern students – and those for generations to come – inherit a thriving clean energy economy,” said Clearway CEO Craig Cornelius.
Clearway has this year closed the financing on its latest community solar fund of over USD 200 million (EUR 183.6m), paving the way for new projects in Illinois, Massachusetts, Minnesota and New York.
(USD 1.0 = EUR 0.918)