Projective Finance has initiated a $7 million lending pool to fund solar energy installations in Illinois public schools, allowing decentralized finance (DeFi) investors to directly invest in U.S. municipal infrastructure projects. The loans will be completely executed onchain, facilitating a more transparent investment process that traditionally required multiple intermediaries. With over 4,700 megawatts of solar capacity already operational in Illinois, the initiative is set against a backdrop of growing municipal solar projects, with projections indicating that one in nine K–12 students will attend schools powered by solar energy by 2024. The State of Illinois will guarantee the lending pool, providing low-risk investment opportunities through its backing of renewable initiatives. Projective Finance operates on the Avalanche blockchain, enhancing scalability and interoperability for investors. This is part of a broader trend in the solar market, which has seen significant growth, with solar energy now contributing to approximately 5% to 6% of the nation's electricity supply.

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