Qualitas Energy has acquired a 164 MWp solar photovoltaic project in Illinois from Bechtel Enterprises.
The development-stage asset is located in the MISO market and is fully permitted with 100% site control, the company said.
Notice to proceed is expected in the second quarter of 2028, and commercial operations are targeted for the third quarter of 2029, Qualitas Energy added.
The project benefits from strong local community support and received unanimous approval during the county permitting process.
Qualitas Energy said the asset offers potential for the future integration of up to 64 MWac of battery energy storage capacity.
The project has access to both the Minnesota and Illinois hubs, providing multiple offtake options.
The acquisition was completed through Qualitas Energy Fund VI, launched at the end of 2025.
“This acquisition reflects Qualitas Energy’s disciplined investment approach and its ability to identify high-quality renewable energy assets with strong value creation potential,” said Alejandro Ciruelos, partner US at Qualitas Energy.
“The project combines advanced development status, strong fundamentals, and multiple commercialization pathways in one of the country’s most attractive power markets.”
“This transaction also underscores the strategic relevance of the United States for Qualitas Energy.”
