Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has acquired a development-stage solar project in Illinois, U.S., with a planned capacity of 164 MW from Bechtel Enterprises.
The transaction was carried out through Qualitas Energy Fund VI, which was launched at the end of 2025.
Qualitas Energy said the project has 100% site control and has received all required permits. It also received unanimous approval during the county permitting process.
The company said it will use its investment, development, and asset management capabilities to advance the project through its next phases, including offtake strategy, procurement, construction planning, and financing.
The project, located in the Midcontinent Independent System Operator market, could include up to 64 MWac of battery storage in the future. Qualitas Energy said the storage component could support a bundled solar-plus-storage power purchase agreement and provide more commercial flexibility.
The company expects the project to receive notice to proceed in the second quarter of 2028 and begin commercial operations in the third quarter of 2029.
