December 19, 2022 (Houston, TX) – ConnectGen announced today that its Pike Creek Wind Project received a final Conditional Use Permit approval from the Logan County Board in late November. The Pike Creek Wind Project is an approximately 200 MW wind facility that will consist of an estimated 45 turbines located in Logan County near Middletown and Elkhart, Illinois. Once operational, the project will supply enough electricity to power more than 60,000 homes annually.
“We appreciate the support of the Logan County Board, participating landowners, and local stakeholders for the Pike Creek Wind Project,” Caton Fenz, Chief Executive Officer of ConnectGen said. “Illinois has some of the best wind resources in the country, and we are excited for the opportunity to turn that resource into tangible benefits for Logan County and its residents. ConnectGen is committed to the communities in which we have a presence, and we look forward to being a good community partner here for years to come.”
The Pike Creek Wind Project represents a major capital investment in Logan County and will provide significant long-term benefits to the County for several decades. Once constructed, the Project is expected to contribute approximately $60 million in increased revenue to local taxing jurisdictions over its 30-plus year lifespan, roughly $40 million of which will go to the Mt. Pulaski Community Schools, Lincoln Community High School, New Holland-Middletown Elementary School, and West-Lincoln-Broadwell Elementary School. In addition, the Project is expected to create up to 125 family-wage construction jobs as well as 10 long-term operations jobs.
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About ConnectGen
ConnectGen is a multi-technology renewable energy platform dedicated to best-in-class greenfield development, origination, execution and operations. ConnectGen has 139 net MW in operations and a portfolio of over 20,000 MW of wind, solar and energy storage projects in development across the United States. For more information, please visit www.connectgenllc.com. ConnectGen is a subsidiary of 547 Energy, Quantum Energy Partners’ clean energy platform company.
About Quantum Energy Partners / 547 Energy
547 Energy aims to maximize value for its investors by partnering with leading entrepreneurs who are driving growth in the clean energy economy. To date, 547 Energy has invested in ConnectGen LLC, BlueFloat Energy LLC, Aer Soleir LLC, NetOn LLC and certain affiliates of ENORA S.A. 547 Energy was founded and is led by industry veteran Gabriel Alonso and is backed by Quantum Energy Partners, a leading provider of capital to the global energy industry. For more information on 547 Energy, please visit www.547energy.com, email info@547energy.com, or contact Travis Salinas at tsalinas@547energy.com.
Founded in 1998, Quantum Energy Partners is a leading global provider of private equity, credit, structured capital and venture capital to the responsibly sourced energy and energy transition & decarbonization sectors (what we call the “Sustainable Energy Ecosystem”), having managed together with its affiliates more than $19 billion in capital commitments since inception. For more information on Quantum, please visit www.quantumep.com or contact Michael Dalton at +1-713-452-2110.
