EDP Renewables North America has completed construction on the 200-MW Riverstart Solar Park located in Randolph County, Indiana, approximately 80 miles northeast of Indianapolis. The development is now the largest solar array by capacity in Indiana.
The size and scale of a solar park like Riverstart represents an estimated capital investment of approximately $180 million. Throughout the project’s life, Riverstart will provide roughly $54 million to local landowners, serving as a stable, weather-resistant form of additional income. More than $8 million will be paid to local governments, providing the county with funds to support schools, road improvements, and the enhancement of other local infrastructure.
“EDP Renewables is committed to being a leader in clean energy progression, and the completion of Riverstart Solar Park further paves the way toward this movement,” said Sandhya Ganapathy, EDP Renewables North America CEO. “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 throughout central and southern Indiana as well as southeastern Illinois. The agreement will also help diversify and strengthen the region’s electric grid, giving more homes and communities access to renewable energy sources while helping lower consumers’ electric bills.
“This collaboration continues our diversification of Hoosier Energy’s resource portfolio, including a higher percentage of renewable sources,” said Donna Walker, Hoosier Energy President and CEO. “Riverstart Solar Park will provide an economical source of renewable energy for the next two decades and is a great fit for our members’ long-term needs.”
Connor, Clark & Lunn Infrastructure and its investment partner, Desjardins Group, will own and operate Riverstart Solar Park alongside EDPR NA.
“We are pleased 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 investment. CC&L Infrastructure is focused on investing in essential infrastructure projects that support local communities while creating value for customers, employees and investors. We look forward to working together to supply Hoosier and Randolph County with solar power for the decades to come.”
News item from EDP
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