Core Insights - TerraForm Power has announced the acquisition of Steward Creek Solar, a 1.56 gigawatt (GW) solar project in Lee County, Illinois, from Hexagon Energy, enhancing its renewable energy portfolio [1][2] Company Overview - TerraForm Power is a leading renewable energy company in North America, controlled by Brookfield Asset Management, with a portfolio of 2,600 megawatts (MW) of utility-scale wind, solar, and battery storage facilities across 16 U.S. states and Ontario, Canada [5] - The company has a development pipeline of approximately 7,000 MW, positioning it well to meet increasing electricity demand [5] Project Details - Steward Creek Solar is one of the largest solar PV projects in the U.S., expanding TerraForm's pre-construction pipeline to nearly 7 GW, primarily in the PJM and SERC regions [2] - The project will be developed in two phases, each expected to generate around 1.3 gigawatt-hours (GWh) of energy annually once operational [4] - Phase 1 construction is expected to begin in 2027, with commercial operation in 2029, while Phase 2 is set to start construction in 2028 and achieve commercial operation in 2030 [4] Strategic Importance - The acquisition highlights TerraForm's capability to deliver renewable energy at scale amid rising power demand and grid constraints, as emphasized by CEO Mark Noyes [3] - A significant milestone for the project includes a 600 MW interconnection agreement executed between TerraForm, Commonwealth Edison, and PJM Interconnection [3]