Aligned climate capital has acquired Armoracia, a 7.3 MWdirect current community solar project in Collinsville Township, Illinois, which will deploy high-density terrain-following solar arrays to reduce land use. Armoracia will serve subscribers through the Illinois Adjustable Block Program on the Ameren Illinois network and is expected to begin commercial operations later this year.
Credit: Planted
Planted manufactures a dual-tilt solar racking system that reduces or eliminates the need to level land for installation. It has a shorter profile than traditional post-based ground supports and is supported by the company’s design platform.
“This acquisition is significant because it helps establish the Planted platform as bankable, commercial-scale infrastructure. Their platform is built for land-efficient deployment, allowing solar to operate in locations where conventional approaches would require significantly more land,” said Peter Davidson, CEO of Aligned Climate Capital. “Until now, developers have had limited ability to commit a true pipeline to Planted projects without an institutional buyer willing to finance construction and own the assets. Aligned’s acquisition of Armoracia helps solve that problem and sets a financing precedent for the technology at commercial scale.”
The Armoracia community solar project will be built on 16 hectares and will not require site grading. Aligned acquires and manages distributed solar and energy storage projects for the long term.
“Community solar energy runs on tight land budgets and implementation certainty,” says Eric Brown, CEO of Planted. “Armoracia puts 7.3 MW on 16 hectares and leaves the land usable long beyond the life of the array. That’s the kind of result that makes Aligned’s holistic approach available to the broader community solar market.”
News item from Aligned Climate Capital
