Aardex Debuts Stellera: Championing End-to-End Clean Energy Development Across the Rocky Mountain and Midwest


Because the clear power sector is undoubtedly on an upward trajectory, firms such because the not too long ago launched Stellera, a clear power funding and growth firm that develops end-to-end renewable power venture, a part of historic funding in neighborhood photo voltaic progress. . By eradicating obstacles to entry capital in a historically tough borrowing market, Stellera goals to broaden alternatives for communities disproportionately affected by the power transition.

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Aardex Debuts Stellera: Championing Finish-to-Finish Clear Vitality Growth Throughout the Rocky Mountain and Midwest Areas

Led by trade veteran Eric Shannon, Stellera will deal with growing end-to-end neighborhood photo voltaic tasks.

DENVER – (March 28, 2024) Aardex, a data-driven, community-minded actual property funding and growth agency that has constructed greater than 1.5 million sq. toes of tasks over the previous 40 years, at present introduced the launch of a brand new firm, Stellera, which can deal with the end-to-end growth of neighborhood photo voltaic tasks with a deal with communities disproportionately affected by the power transition.

The launch comes at an essential time for the power trade. Amid the altering regulatory setting, communities throughout the nation are shifting towards renewable power sources to satisfy bold state and federal decarbonization targets. The demand for renewable power is predicted to develop quickly within the coming years, with neighborhood photo voltaic as a number one progress market. Within the subsequent 5 years, the photo voltaic neighborhood is predicted to develop at an annual common of 8% with practically 14 gigawatts (GW) of capability anticipated by 2028.

“Aardex has a decade-long monitor report of efficiently growing tasks which have a optimistic affect on communities,” mentioned Caleb Hebel, Principal of Aardex and Stellera. “Stellera is the pure evolution of our rising understanding that the inclusion of unpolluted power is vital to the safety, stability and long-term prosperity of our communities. and we look ahead to working with communities and utilities to proceed to extend entry to wash power alternatives.”

Together with Hebel, Stellera will probably be led by Eric Shannon, an trade veteran with practically a decade of expertise in power venture growth. Shannon will oversee Stellera’s clear power initiatives, primarily targeted on neighborhood photo voltaic alternatives. Previous to becoming a member of Stellera, Eric managed utility-scale photo voltaic and wind tasks totaling over 5 gigawatts at SPP and MISO with Invenergy.

Stellera is actively in search of venture growth alternatives and can primarily deal with neighborhood photo voltaic tasks within the Rocky Mountain and Midwest areas. Collaborating with landowners, communities, utilities, and stakeholders, Stellera works to establish the very best land areas, consider the feasibility of websites, guarantee entry to the grid , exploring state incentives, and maximizing venture worth. Utilizing a data-driven growth method, Stellera goals to attenuate danger and maximize optimistic affect on companions and the communities it serves.

For extra details about Stellera and the way it’s bringing clear power to North America, go to: www.stellera.com.

About Stellera
Based in 2024, Stellera is a clear power funding and growth firm growing renewable power tasks all through the Rocky Mountain and Midwest areas. The corporate champions a data-driven method to growing clear power options, specializing in neighborhood photo voltaic. Stellera is a subsidiary of Aardex, which mixes growth expertise with a confirmed monitor report in sustainable power tasks. To be taught extra, please go to: www.stellera.com

About Aardex
Aardex is a data-driven, community-minded actual property funding and growth agency targeted on making a optimistic affect on the constructed setting. Our historic developments span the geographies and industries of healthcare, multifamily, workplace, authorities, and business employment. Past tasks, Aardex invests within the setting, the communities by which we function, and philanthropic endeavors with the aim of doing good by doing good. For extra details about Aardex, please go to www.aardexcorp.com.

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