Babcock & Wilcox Solar Energy Inc., a subsidiary of Akron, Ohio-based Babcock & Wilcox Enterprises Inc. (B&W), has been awarded $15 million in contracts by Summit Ridge Energy LLC (SRE) to engineer, procure and construct five community solar power installations in Illinois. The projects total approximately 15 MW and are scheduled for completion in 2023.
B&W will also manage subcontractors, site coordination and supervision and the electrical tie-ins to the grid.
“The market for community solar projects in the U.S. is growing substantially thanks to high demand for affordable, clean energy, as well as state and federal incentives for renewable energy, including for solar power,” said Joe Buckler, B&W senior VP of clean energy. “In particular, the recently signed U.S. Inflation Reduction Act includes provisions for all types of solar projects, including community solar, that are driving increased interest in development.”
This is the second set of contracts awarded to B&W by SRE, which is the solar energy market leader in Illinois. In August 2022, B&W was awarded contracts totaling more than $20 million to build seven photovoltaic solar farms.
“Solar projects like these are providing clean, reliable and affordable power to people across Illinois and the United States. As the market leader in Illinois, SRE is proud to continue shaping the state as a major clean energy market,” said Raj Soi, executive VP of operations, Summit Ridge Energy. “We’re excited to build on our strong relationship with B&W and support the state of Illinois as it leads the national energy transition.”
Launched in 2017, Summit Ridge Energy is a leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops and acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. In the past five years, SRE has deployed more than $1.6 billion into clean energy assets. This year, SRE will have more than 400 MW of PV online.
Tags: Babcock & Wilcox, Community Solar, Summit Ridge Energy
