ANNAPOLIS, Md., March 6,
2025 /PRNewswire/ -- New Energy Equity, a national
leader in developing and financing community and commercial solar
projects, is pleased to announce a new partnership with the Harlem
Consolidated School District to bring a 5.54 MWdc solar energy
project to the district in Illinois.
The solar project will harness clean,
renewable power to significantly offset the school district's
energy needs.
Developed by BOW Renewables and subsequently acquired by NEE,
this project is on land owned by the Harlem Consolidated School
District. It will provide significant economic benefits, including
discounted electricity, to both the school district in eastern
Winnebago County and residential
customers in the Commonwealth Edison service area. This
collaboration marks NEE's first initiative in Illinois' Public Schools Program, part of the
state's Adjustable Block Program (ABP), which drives renewable
energy growth across Illinois.
The Harlem Consolidated School District solar project will
harness clean, renewable power to significantly offset the
district's energy needs, supporting over 39,000 students across 11
schools. Beyond the direct benefits to the district, the project
will expand renewable energy access to the broader local community,
fostering environmental stewardship and sustainability. This shared
clean energy initiative enables the district and participating
residents to join Illinois'
transition to renewable energy sources and benefit both financially
and environmentally.
With this acquisition, New Energy Equity underscores its
dedication to advancing clean energy in educational settings,
empowering communities, and supporting Illinois' clean energy goals. Building
on its extensive experience in Illinois, where the company already has more
than 30 community solar projects totaling over 90 MWdc, the Harlem
Consolidated School District project is poised to set a model for
sustainable, community-driven energy solutions that create lasting
benefits for both public institutions and local residents.
"We are honored to work alongside the Harlem Consolidated School
District as they lead by example in environmental responsibility,"
said Jackie Chambers, New Energy
Equity's Chief Investment Officer. "This project demonstrates the
power of collaboration, allowing public schools and communities to
take meaningful steps toward a cleaner future."
BOW Renewables, LLC, the original developer of the project,
expressed excitement about New Energy Equity's acquisition,
recognizing the project's potential impact on the region.
"This community solar endeavor serves as a further milestone in
BOW's commitment to providing local community benefits and
advancing Illinois' clean energy
objectives," said Bryan Segarra,
Director of Development, BOW Renewables.
The Harlem Consolidated School District also is enthusiastic
about the new solar project and the positive impact it will have on
students, families, and the wider community.
About New Energy Equity
New Energy Equity LLC, a wholly owned subsidiary
of ALLETE (NYSE:ALE), develops, finances, operates, and
manages solar power generation assets, providing clean electricity
to commercial, industrial, municipal, and utility customers under
long-term contracts. New Energy Equity has successfully developed
over 550MW of solar projects and closed more than $1.2 billion in clean energy investments. To
learn more, visit http://www.newenergyequity.com.
About BOW Renewables, LLC
BOW Renewables, LLC was founded in 2018 by industry
veterans who are committed to playing a significant role in
transitioning America's increasing energy demands to clean and
renewable resources. The BOW team was built to provide expertise
throughout the lifecycle of a renewable energy project. Our team
provides expertise in siting, site acquisition, development
management, permitting/approvals, and oversight during construction
and energization of a renewable energy project.
Contact: Kyle
Wehnes
Director - Marketing
New Energy Equity
262-366-9223
kylew@newenergyequity.com
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SOURCE New Energy Equity
