Qualitas Energy has acquired a 164 MWp solar PV project in Illinois.<\/p>\n\n\n\n
The development-stage project is located within the Midcontinent Independent System Operator (MISO) market and was acquired from Bechtel Enterprises.<\/p>\n\n\n\n
Notice to proceed is expected in Q2 2028, with commercial operation targeted for Q3 2029.<\/p>\n\n\n\n
The project has secured 100% site control, is fully permitted and received unanimous approval through the county permitting process.<\/p>\n\n\n\n
Qualitas Energy said the asset offers the potential to incorporate up to 64 MWac of battery energy storage capacity in the future, supporting the development of a bundled solar-plus-storage power purchase agreement.<\/p>\n\n\n\n
The company plans to advance the project through optimisation of its offtake strategy, procurement, construction planning and financing activities.<\/p>\n\n\n\n
\u201cThis acquisition reflects Qualitas Energy\u2019s disciplined investment approach and its ability to identify high-quality renewable energy assets with strong value creation potential,\u201d said Alejandro Ciruelos, Partner \u2013 US at Qualitas Energy. <\/p>\n\n\n\n
\u201cThe project combines advanced development status, strong fundamentals and multiple commercialisation pathways in one of the country\u2019s most attractive power markets. This transaction also underscores the strategic relevance of the United States for Qualitas Energy.\u201d<\/p>\n\n\n\n
The acquisition was completed through Qualitas Energy Fund VI, the company\u2019s flagship investment vehicle launched at the end of 2025.<\/p>\n\n\n\n
Qualitas Energy was advised by Norton Rose Fulbright on legal matters, Sargent & Lundy as technical adviser, and Leo Berwick as financial and tax adviser.<\/p>\n","protected":false},"excerpt":{"rendered":"
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