Scout acquires 369 MW Blue Sky Solar development project
Colorado-based Scout Clean Energy acquired the 369 MW, $400 million Blue Sky Solar project from its original developer, RES (Renewable Energy Systems). The approved development plans call for the solar facility to be located on 2,700 acres of land in Grundy County, Illinois, southwest of Chicago.
Terms of the sale were not disclosed.
Blue Sky is among the largest solar projects approved in the PJM region and is the second Midwest solar project that Scout has added to its portfolio this year. The company said it will end 2021 with more than 12,000 MWdc under development and more than 1,200 MWdc of capacity in operation across the U.S.
Blue Sky received approval for a Special Use Permit from Grundy County officials in December 2020. RES began land acquisition and interconnection studies on the site in 2018. The project is expected to receive its full interconnection agreement in the third quarter of 2022.
The Blue Sky facility is slated to begin commercial operations in 2024, and is expected to create 20 jobs once it enters service.
Scout is a portfolio company of Quinbrook Infrastructure Partners, a global investment manager focused on renewables, storage, and grid support infrastructure.
Source: Renewable Energy