CESL Site 2, LLC

About the offering

The 'From Plans to Panels' offering is a Regulation Crowdfunding campaign hosted on the Climatize platform on behalf of CESL Site 2, LLC, a single-purpose Illinois project company. The project aims to develop an approximately 6.6 MWdc / 5.0 MWac community solar facility on a remediated brownfield and capped landfill site in East St. Louis, Illinois. The facility is expected to generate approximately 9,600 MWh of renewable electricity annually. Key project goals include expanding discounted community-solar access for income-eligible East St. Louis residents, reducing energy costs for participating City of East St. Louis accounts, and creating local construction, workforce-training, union-labor, and minority-business opportunities. Proceeds from this offering are intended to serve as working capital to advance the project from development and early construction activities toward a notice to proceed and full construction phase. Specific use of proceeds may include interconnection studies, engineering, permitting, environmental and site-readiness work, equipment and procurement deposits, financing preparation, and reserves. CESL Site 2, LLC is organized separately from affiliated Site 1 and Site 3 project companies; this offering finances only Site 2. The offering has a fundraising goal of $350,000 with a maximum of $500,000, a 10% annual interest rate, a 3-year term, and a minimum investment implied by the $200 currently funded from 2 investors. The project manager is David Gerovac. The offering is hosted by Climatize Earth Securities, LLC.

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