National Grid Renewables Inks PPA with IMEA for 150 MW Bee Hollow Solar Project in Illinois
National Grid Renewables has signed a power purchase agreement with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow Solar Project in St. Clair County, Illinois, set to begin construction in 2025.
November 25, 2024. By Mrinmoy Dey
Anticipated to begin construction in 2025, Bee Hollow will join the previously announced Prairie Wolf Solar, located in nearby Coles County, Illinois, and will expand National Grid Renewables' operating solar portfolio in the state to 350 MW.
Commenting on the development, Blake Nixon, President and CEO of National Grid Renewables said, “We're extremely proud of our deep roots in the Midwest, and our commitment to bringing clean, sustainable energy solutions to its residents remains firm. The expansion of our portfolio in Illinois will further that commitment and we're excited to see the positive impacts the Bee Hollow Project will provide to local residents in the form of jobs, new tax revenue and charitable giving.”
IMEA President and CEO Kevin Gaden stated, “The addition of the Bee Hollow solar project to our power portfolio significantly advances the IMEA Board's commitment to responsibly transitioning the agency's portfolio to more carbon-free generation resources.”
He further added, “Purchasing energy from Bee Hollow meets one of the strategies detailed in our agency's Sustainability Plan which, by 2050, seeks to reduce to net-zero the carbon emissions of the power supply we deliver to our member municipalities. Bee Hollow is a tremendous investment in renewable energy, and we're excited about this resource growth to serve our members over the long term.”
Bee Hollow is anticipated to benefit local and statewide communities through the production of millions of dollars in new tax revenue and landowner income, the creation of new jobs, and local spending.
The project community will also benefit from a dedicated charitable fund, which is pledged above and beyond any tax revenue delivered by the project. These charitable funds are unique to National Grid Renewables and exemplify their commitment to being good neighbours in their projects' host communities. In total, the direct economic impact of Bee Hollow is estimated to reach USD 34 million over the first 20 years of operations.
please contact: contact@energetica-india.net.
Brathaban Karuppaiah
Country General Manager
From Oil to Renewables: SBM Offshore’s Vision for India’s Evolving Energy Market
Anvesha Thakker
Partner, Business Consulting & National Industry Lead – Clean Energy
Heat Pumps and Thermal Batteries: Game-Changing Technologies for Industrial Decarbonisation
Kamlesh Kaushik
Co-Founder and CEO
Building A Robust EV Charging Infrastructure: Mufin Green Infra’s Approach
Manjunath Athrey
Head of Engineering
Yulu Revamping Shared Mobility with Its Homegrown Software Stack
Vishal Gupta
Co-Founder and Chief Technical Officer
Maxvolt Energy Leads Charge with Eco Series Batteries for EVs