Standard Solar has acquired a 39-megawatt community solar portfolio in Illinois from developer New Leaf Energy, expanding its presence in the state’s growing renewable energy sector.
The portfolio includes five solar projects located in the towns of Blackstone, Braceville, Dwight, Seneca, and Wadsworth. According to Standard Solar, the facilities are expected to collectively generate over 46,700 megawatt hours of electricity in their first year of operation. The sites utilize a combination of single-axis tracking systems and ground-mounted technology.
With this acquisition, Standard Solar now owns or is developing more than 30 projects in Illinois, totaling approximately 150 megawatts in capacity. The deal marks another step in the company’s strategy to broaden its community solar footprint across the U.S.
“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 at Standard Solar. “It also marks another key addition to our growing portfolio, highlighting our focus on acquiring high-quality, strategic assets.”
New Leaf Energy, which developed the projects prior to the sale, emphasized the ongoing collaboration between the two companies.
“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 at New Leaf Energy.
The acquisition comes amid increasing demand for community solar in the U.S., driven by state-level incentives and a growing emphasis on clean energy access for households and small businesses.
