Illinois
Standard Solar acquires 84 MW solar portfolio in Illinois
Standard Solar, a leading commercial and community solar developer and asset owner, today announced the acquisition of an 84 MW community solar portfolio in Illinois. The combined capacity of these 14 projects will significantly contribute to Illinois’ renewable energy generation goals of 100% clean energy by 2050, reducing greenhouse gas emissions and advancing a more sustainable energy landscape.
The portfolio consists of three sets of community solar gardens in Illinois: six sites with a capacity of approximately 47 MW, four sites totalling 12 MW, and four sites representing 25 MW. Construction is scheduled to commence in 2024, and most of the projects are projected to be finished by the year’s end, with the remaining ones anticipated to be completed in 2025.
Standard Solar purchased the milestone portfolio from developer New Leaf Energy. The partnership between the two companies is a testament to their dedication to expanding clean energy access to communities throughout Illinois.
“In an industry where such deals often pose challenges and consume substantial time, our collaboration with New Leaf Energy has been remarkably smooth, thanks to the dedicated transaction teams on both sides. Our relationship with New Leaf Energy is built on mutual goals, and we eagerly anticipate many more successful deals together,” said Mike Streams, Chief Development Officer at Standard Solar.
“New Leaf Energy is proud to work with a great partner like Standard Solar to deliver clean energy to customers throughout Illinois,” commented Ryan Bailey, Vice President of Development for the Midwest at New Leaf Energy. “New Leaf has made a long-term commitment to the state of Illinois thanks to the state’s ambitious clean energy targets, and we are excited to continue building long-term relationships with local communities to diversify their energy sources and bring additional revenue into their local economies.”
Community solar programs represent one of the fastest-growing sectors within the renewable energy industry, delivering locally produced, affordable clean energy to both residences and businesses. Standard Solar’s community solar projects bring various benefits to local communities, including job opportunities, reduced energy costs for subscribers and increased access to clean energy options.
“With the acquisition of this extensive portfolio, Standard Solar takes a commanding position in the community solar market and demonstrates our commitment to Illinois’ growing solar industry,” stated Harry Benson, Director of Business Development, Standard Solar. “These community solar projects will empower customers, especially those with lower to moderate incomes, to realise significant cost savings on their electricity bills, all while contributing to the growth of renewable energy and advancing Illinois’ ambitious clean energy objectives.”
Community solar offers an inclusive path for all customers to harness the advantages of clean solar energy without the need for personal solar panel installations. Participants enroll in a solar project and receive credits on their monthly bills based on the power generated by the project. The energy generated by these community solar projects seamlessly integrates into the grid, enhancing the overall energy supply.
Illinois, the fifth most populous state in the nation, has a strong commitment to a carbon-free future and is leading the way in community solar programs, prioritising equity for historically disadvantaged communities, promoting clean energy expansion and bolstering its economic growth.
“Amidst a year of record-breaking temperatures and rising energy costs in the state, Illinois is providing its residents a clear path to clean, affordable energy for a more sustainable future,” added Benson.
Including these portfolios, Standard Solar and New Leaf Energy have collaborated on 20 projects in three states, reinforcing their solid and enduring partnership while showcasing their unwavering commitment to promoting positive environmental transformation.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global’s Winter 2023 issue
The Winter 2023 issue of Energy Global hosts an array of technical articles weather analysis, geothermal solutions, energy storage technology, and more. This issue also features a regional report looking at the future of renewables in North America, and a report from Théodore Reed-Martin, Editorial Assistant, Energy Global, on how Iceland utilises its unique geology for renewable energy.
Read the article online at: https://www.energyglobal.com/solar/13022024/standard-solar-acquires-84-mw-solar-portfolio-in-illinois/
Illinois
GOP Rep. Ryan Spain opposes Illinois redistricting changes
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Illinois
‘Millionaires tax’ would hike rate 61% on 22K Illinois small businesses
Combined state and federal taxes would take more than 50% of the top-end income for 22,000 Illinois small businesses.
Proposals in the Illinois General Assembly could slam massive tax hikes onto small businesses, the state’s primary job creator historically and in the recovery from the COVID-19 downturn.
One measure would punish 22,020 Illinois small businesses with a huge increase in their marginal state income tax rate and create a top tax rate of nearly 50.3% for them, once all state and federal income taxes are factored in.
S-corporations and partnerships, which “pass-through” their business income to their owners, who pay taxes as individuals, would see their top marginal state income tax rate jump from 4.95% to 7.95%, a 61% hike.
That would happen because the legislation, House Joint Resolution Constitutional Amendment 21, adds a 3% income tax on income above $1 million. It is scheduled for a hearing April 23 at which it could pass out of committee and go to a potential full House vote.
Research has shown that an increase in the top marginal tax rate is associated with a decrease in entrepreneurs’ hiring activity and lower wages for their employees.
Illinois has one of the highest unemployment rates in the nation and among the slowest wage growth. These are exacerbated by some of the highest state and local tax burdens in the nation, including the second-highest property taxes and eighth-highest sales taxes.
In 2017 Illinois residents endured the largest permanent income tax hike in state history, when lawmakers increased the rate by 32%, from 3.75% to 4.95%.
Illinois already pushes out more businesses than virtually any other state. The “millionaire’s tax” could make the situation even worse. Illinoisans should reject this call for higher taxes on the state’s vital small business community.
Contact your state representative to stop the small business tax hike here.
Illinois
Illinois teen stabbing case returns to court this week
SYCAMORE, Ill. – A Sycamore mother said she is still waiting for justice more than two years after her teenage son was stabbed to death.
The case is back in court this week, where a judge will consider a key request that could change how the case moves forward.
What we know:
A mother said her son’s life was cut short during a confrontation that turned deadly.
Heather Gerken said her 17-year-old son, Kaleb McCall, was stabbed during an incident in September 2023. She said Kaleb agreed to meet another teen for what he believed would be a fist fight while sticking up for a friend.
According to Gerken, the other teen, who was 15 at the time, pulled a knife and stabbed Kaleb in the chest. Kaleb later died from his injuries.
Gerken said a jury later found that teen guilty of second-degree murder after the defense argued he acted in self-defense.
Dig deeper:
The case is not over.
Gerken says the defendant’s attorneys are now trying to move the case out of adult court and into juvenile court. That decision could impact how the teen is ultimately sentenced.
What they’re saying:
Gerken said the legal process has been long and frustrating.
She said the case has stretched on for more than two and a half years and that ongoing court proceedings have made it difficult for her to grieve her son.
“He was everybody’s big brother,” Gerken said. “He had the biggest smile and the sweetest personality. He enjoyed fishing and being outside, and he was the best gift giver. He always got me flowers for every little holiday. Just a very thoughtful boy.”
Gerken also said the possibility of the case moving to juvenile court is especially upsetting, as she continues to push for what she believes is justice for her son.
“I don’t want anybody else’s child to die the way that my son died,” Gerken said. “Caleb is my whole world. I gave birth to him at 17 and he changed my life completely. He made me a better person. He taught me what real love truly is…And I just miss him so much more every day. And just knowing that he died the way he did. It makes me sick.”
What’s next:
The case returns to court Thursday morning.
A judge is expected to determine whether the case remains in adult court or is moved to juvenile court, a decision that could shape what happens next in the case.
The Source: The information in this article was reported by FOX Chicago’s Lauren Scafidi.
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