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Prologis to Develop Largest Rooftop Community Solar Portfolio in Northern Illinois

1. ComEd and Prologis launched a major solar project in Illinois. 2. This initiative will generate 82 MW and enhance renewable energy capacity.

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FAQ

Why Bullish?

The project bolsters renewable energy efforts, aligning with market trends and regulations favoring clean energy. Historically, similar initiatives in the sector have boosted stock prices for utility companies focused on sustainability.

How important is it?

The collaboration reflects a growing trend in renewable energy that could positively impact EXC’s market position. The increase in capacity and presence in green energy projects is vital as investor demand for sustainable practices rises.

Why Long Term?

The continuing shift towards renewable energy will have a lasting impact on utility stocks like EXC. Investments in large solar projects typically take time to fully materialize in financial reports, but long-term benefits are likely.

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NEEDUKED
CHICAGO--(BUSINESS WIRE)--ComEd today joined Prologis, a global development company, in marking the launch of a rooftop community solar project in Franklin Park, the first of 45 installations that the global logistics firm is developing across Illinois over the next two years. The Prologis portfolio is expected to generate 82 megawatts (MW) of solar energy, resulting in the largest rooftop community solar initiative in northern Illinois. More than half of the energy credits will be directed to.

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