financetom
Business
financetom
/
Business
/
Standard Solar Acquires 6.3 MW Community Solar Project from Calvert Energy; Safe Harbor Strategy Enables Accelerated Execution
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Standard Solar Acquires 6.3 MW Community Solar Project from Calvert Energy; Safe Harbor Strategy Enables Accelerated Execution
Nov 4, 2025 6:57 AM

Part of Standard Solar’s growing community solar portfolio, the Channahon project underscores the company’s continued expansion and nationwide momentum

ROCKVILLE, Md.--(BUSINESS WIRE)--

Standard Solar, a leading commercial and community solar developer and asset owner, has acquired the 6.3-megawatt (MW) Plaines II West Community Solar Garden in Channahon, Illinois, from Calvert Energy.

The project exemplifies how Standard Solar leverages safe-harbored panels to accelerate deployment, capture federal incentives and expand access to clean energy nationwide.

“Having secured a large inventory of safe-harbored panels, we’re able to move projects like Plaines II West quickly from acquisition to operation,” said John Finnerty, Director of Business Development, Standard Solar. “That ability to act fast turns development opportunities into operating assets sooner — delivering reliable clean energy and measurable value for our partners and communities nationwide.”

Located on Amoco Road in Channahon, the single-axis tracker array is expected to generate approximately 9,944 megawatt-hours (MWh) of clean energy in its first year of operation — enough to power nearly 1,000 average Illinois homes annually.

“Partnering with Standard Solar on Plaines II West ensures the project will deliver long-term value for subscribers and the local community,” said Brian Quinlan, President/CEO, Calvert Energy. “Standard Solar’s expertise in community solar ownership and operations makes them an ideal partner to carry this project forward — turning development potential into dependable, renewable energy for Illinois residents and businesses.”

The acquisition builds on Standard Solar’s growing community solar portfolio in Illinois, which now includes more than a dozen projects totaling more than 30 MW across the state. Nationwide, the company’s community solar portfolio totals nearly 500 MW of owned, operating and under construction projects—underscoring its scale, expertise and long-term commitment to expanding clean energy access through efficient, accelerated project execution.

Calvert Energy developed the Plaines II West project, and Standard Solar will own and operate it long-term, ensuring sustained economic and environmental benefits for the region. Residents and businesses in the area can subscribe to the project and lower their electricity bills without needing to install solar panels on their property.

“Partnerships like this one exemplify the power of collaboration in bringing community solar to life,” Finnerty added. “We’re proud to work with experienced developers like Calvert Energy to accelerate clean-energy adoption and deliver real benefits to communities nationwide.”

About Standard Solar

Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar and solar + storage to businesses and institutions, farms, governments, communities and utilities. Building on 20 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in developing, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 500 megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power and climate transition assets. Learn more at standardsolar.com, LinkedIn and on X: @StandardSolar.

For project acquisition and development inquiries, contact John Finnerty, Director of Business Development, at [email protected] and on LinkedIn.

Source: Standard Solar

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AbbVie, Xilio Collaborate on Tumor-Activated Immunotherapies
AbbVie, Xilio Collaborate on Tumor-Activated Immunotherapies
Feb 12, 2025
08:18 AM EST, 02/12/2025 (MT Newswires) -- AbbVie ( ABBV ) and Xilio Therapeutics (XLO) said Wednesday they are collaborating and have signed an option-to-license agreement to develop tumor-activated, antibody-based immunotherapies, including masked T-cell engagers. The companies said they will combine Xilio's tumor-activation technology with AbbVie's ( ABBV ) research and development efforts in oncology. As part of the deal,...
AnaptysBio's Rheumatorid Arthritis Drug Meets Primary Endpoint in Phase 2 Trial; Shares Rise
AnaptysBio's Rheumatorid Arthritis Drug Meets Primary Endpoint in Phase 2 Trial; Shares Rise
Feb 12, 2025
08:20 AM EST, 02/12/2025 (MT Newswires) -- AnaptysBio ( ANAB ) said Wednesday that a phase 2b trial of its investigational drug rosnilimab to treat moderate-to-severe rheumatoid arthritis achieved its primary and secondary endpoints. Patients in the study received either 100 milligram or 400 milligram doses of rosnilimab every four weeks, 600 milligrams every two weeks, or placebo, the company...
Lazard Posts Increase in Assets Under Management for January
Lazard Posts Increase in Assets Under Management for January
Feb 12, 2025
08:19 AM EST, 02/12/2025 (MT Newswires) -- Lazard ( LAZ ) reported preliminary assets under management Wednesday of $233.02 billion as of Jan. 31, up from $226.33 billion a month earlier. The asset management firm reported a market appreciation of $6.1 billion, foreign exchange appreciation of $400 million, and net inflows of $300 million for January. ...
Kroger names PepsiCo executive David Kennerley as CFO
Kroger names PepsiCo executive David Kennerley as CFO
Feb 12, 2025
Feb 12 (Reuters) - Kroger ( KR ) said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3. Foley had taken over the role on an interim basis when former CFO Gary Millerchip stepped down last February. Kroger ( KR ) in December ended a two-year effort to merge with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved