EDP Renewables ready to hook Indiana’s largest solar project to grid
EDP Renewables North America has completed construction of the 200 MW Riverstart Solar Park in Randolph County, Indiana, approximately 80 miles northeast of Indianapolis. The development is now the largest solar panel by capacity in Indiana.
The size and scale of a solar farm like Riverstart represents an estimated capital investment of approximately $180 million. Over the life of the project, Riverstart will provide approximately $54 million to local landowners, serving as a stable, weatherproof form of additional revenue. More than $8 million will be paid to local governments, providing the county with funds to support schools, road improvements and the improvement of other local infrastructure.
“EDP Renewables strives to be a leader in clean energy, and the completion of Riverstart Solar Park further paves the way for this movement,” said Sandhya Ganapathy, CEO of EDP Renewables North America. “Riverstart brings Indiana one step closer to a clean energy future.”
Riverstart Solar Park has a 20-year PPA with Hoosier Energy, which will use the energy generated from the solar park to power communities in central and southern Indiana and Southeast Illinois. The agreement will also help diversify and strengthen the electricity grid in the region, giving more homes and communities access to renewable energy sources while lowering consumers’ electricity bills.
“This partnership continues our diversification of Hoosier Energy’s resource portfolio, including a higher percentage of renewables,” said Donna Walker, president and CEO of Hoosier Energy. “Riverstart Solar Park will be an economic source of renewable energy for the next two decades and is an excellent fit for the long-term needs of our members.”
Connor, Clark & Lunn Infrastructure and its investment partner, Desjardins Group, along with EDPR NA will own and operate Riverstart Solar Park.
“We are delighted to own and operate this large-scale solar project,” said Matt O’Brien, president of CC&L Infrastructure. “As long-term investors, we believe in responsible investing. CC&L Infrastructure is focused on investing in critical infrastructure projects that support local communities while creating value for customers, employees and investors. We look forward to working together to power Hoosier and Randolph County for decades to come.”
News item from EDP