EDP Renováveis S A : EDPR completes construction of Riverstart, Indiana's largest solar farm
January 13, 2022 at 09:31 am EST
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EDPR completes construction of Riverstart, Indiana's largest solar farm
Thursday13, January 2022
The project, which has a capacity of 200 MW, produces enough energy to supply the equivalent of more than 36,000 average households in the state per year.
Hoosier Energy, an electricity supply cooperative, is the only contractor for the energy produced by the solar farm.
EDP Renewables (Euronext: EDPR), the world's fourth largest renewable energy producer, through its subsidiary EDP Renewables North America LLC, has completed the construction of the 200 MW Riverstart solar farm. The company closed a 20-year power purchase agreement (PPA) with Hoosier Energy Cooperative, which will use the power generated by the solar farm to supply communities in central and southern Indiana and south-eastern Illinois.
The project, located in Randolph County, is the largest solar farm by capacity in the state of Indiana and generates energy equivalent to the average consumption of more than 36,000 homes per year.
The construction of the park has resulted in the creation of 700 jobs in Randolph County, with a consequent positive impact on the local economy. In addition, several permanent on-site jobs will support the routine operations and maintenance of the solar farm.
EDPR is a leader in renewable energy in Indiana and is the largest wind power producer in the state with 1,200 MW of operating capacity. EDPR NA has wind and solar projects under development and construction throughout the state and, in total, has developed approximately 2,200 MW of renewable energy capacity. Regarding this project, an 80% equity shareholding was sold to Connor, Clark & Lunn Infrastructure at the end of last year.
The company expects to further expand its presence in the country by successfully closing new PPAs that reinforce its low risk profile and its growth strategy based on competitive project development with long-term visibility.
This project reflects EDPR's commitment to lead the energy transition, an objective that is part of its strategic plan, which includes a capex plan of around 19 billion euros to deploy around 20 GW of renewable energy by 2025.
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EDP Renovaveis SA published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 14:30:03 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.