Details and Benefits
Project Details
Proposed Size
300 Megawatts (MW)
Location
Saline County, Illinois. The power will be transmitted to the Ameren Muddy-Norris City line.
Land Area
The project will have a footprint of approximately 2,600 acres of land to locate solar panel arrays, an operations and maintenance building, inverters, and access roads.
Local Estimated Revenue
$340 million local estimated investment.
Power Generation
The project is expected to generate enough solar energy to power the average electricity consumption of approximately 56,000 Illinois homes each year.
Project Lifespan
After the project's useful life has ended, it will be decommissioned in accordance with a decommissioning plan and bond.
Eldorado Project Timeline
Mid 2021
Local Agreements
Early 2022
Engineering and Permitting
Late 2022
Final Approvals
2023
Begin Construction
2024
Operational
Project Benefits
Economic Benefits
The Eldorado Solar Project 1 & 2 in Saline County, Illinois represents an estimated $340 million investment that will generate jobs, tax revenue and other economic activity which includes:
Over 500 temporary full-time construction jobs
2 full-time operations jobs, plus 10 additional part-time jobs
Over $57 million to Saline County’s GDP during construction, and $1.6 million annually during each year of operation
$42 million of local tax revenue, which includes an estimated $23 million to local schools over the life of the project
Millions of dollars in landowner payments over the life of the project, money that is recirculated locally
Source: Study conducted by David Loomis, Professor of Economics at Illinois State University, and prepared by Strategic Economic Research, LLC.O
