CHAMPAIGN - The University of Illinois at Champaign will be spending $1.5 million per year to purchase 2 percent of their electricity from a field of solar panels that officials hope will begin to go up later this year.
The Champaign News-Gazette reports the nearly 21-acre "solar farm'' is part of the university's renewable energy efforts. The project had been delayed because of concerns from state officials who questioned the public-private partnership between the school and Phoenix Solar Inc.
But state procurement officers have signed off on the complex financial arrangement in Phoenix Solar will design, build and operate the farm for the first 10 years. After that, it will be turned over to the school.
There is no information on how this investment will impact increasing student tuition.