1. Aardex launched new company Stellera to focus on developing community solar projects for communities impacted by the energy transition.
2. Stellera will be led by Caleb Hebel and Eric Shannon, with a focus on clean energy initiatives, specifically community solar opportunities.
3. Stellera is actively seeking project development opportunities in the Rocky Mountain and Midwest regions, collaborating with various stakeholders to maximize project value and positive community impact.
Aardex, a real estate investment and development firm, has launched a new company called Stellera. Stellera will focus on developing community solar projects, with a specific focus on communities that have been disproportionately impacted by the energy transition. According to Caleb Hebel, Principal for Aardex and Stellera, incorporating clean energy is essential for the long-term prosperity of communities, and Stellera aims to increase access to clean energy opportunities.
Eric Shannon, an industry veteran with nearly a decade of energy project development experience, will lead Stellera’s clean energy initiatives. With a background in managing utility-scale solar and wind projects, Shannon will focus primarily on community solar opportunities. Stellera is actively seeking project development opportunities in the Rocky Mountain and Midwest regions, collaborating with various stakeholders to identify optimal land locations and maximize project value.
Stellera employs a data-driven development approach to minimize risk and maximize positive impact for both partners and the communities it serves. By working with landowners, communities, utilities, and stakeholders, Stellera aims to secure grid access, explore state incentives, and assess constructability of sites for their community solar projects. Overall, Stellera is committed to promoting clean energy and creating long-term benefits for communities through their development initiatives.