Soltage LLC announced Feb. 16 a $52 million investment by its Iris capital vehicle with Harrison Street in a 31-megawatt portfolio of five solar projects in South Carolina and Illinois.

According to the Jersey City independent power producer, the electricity generated from these projects — one in Illinois and four in South Carolina — will be sold to municipal, commercial and residential community solar customers, as well as local utilities.

This is the most recent deployment from Soltage’s Iris capital vehicle with investment management firm Harrison Street —  a $250 million partnership was announced in March 2021 to deploy 450 MW of solar and storage projects across the U.S. — bringing the total investment deployed through the Soltage Iris vehicle to 16 total solar facilities and more than 60 MWs.

“We are proud to announce this investment, building on our 15-year track record of developing and investing in renewable energy assets to serve our diverse base of electricity consumers,” Jesse Grossman, Soltage co-founder and CEO, said in a prepared statement. “Portfolio execution on this scale involves a host of dedicated partners, both local and national, and we are grateful to them as we work to assist the U.S. in its clean energy market transition.”

Soltage has raised and invested more than $1 billion into clean-energy infrastructure since its founding in 2005, according to the announcement. The company has developed more than 100 clean-energy projects and has more than 450 MW total distributed generating capacity under construction and management across the country.