The project, with a capacity of 200 MW, covers the annual energy needs of more than 36,000 households in the state. Hoosier Energy, an electricity cooperative, is the sole contractor benefiting from the electricity produced by the solar farm.
EDP Renewables, the world’s fourth largest wind and solar producer, through its subsidiary EDP Renewables North America LLC, announces the completion of construction work on its 200 MW solar farm in Riverstat. The company has signed a 20-year power purchase agreement (PPA) with Hoosier Energy Cooperative, which will use the electricity produced by the solar farm to supply the municipalities of central and southern Indiana and southeast Illinois.
The project, located in Randolph County, is Indiana’s largest solar farm by capacity, and provides the equivalent of the average electricity consumption of 36,000 homes per year.
Construction of the farm created 700 jobs in Randolph County, positively impacting the local economy. In addition, there are several permanent positions on the site to ensure the operation and maintenance of the solar farm.
EDPR is the largest wind power producer in the state of Indiana with 1,200 MW of operating capacity. EDPR NA has several solar or wind projects in development or under construction in the state and, in total, has approximately 2,200 MW of renewable energy. Regarding this project, an 80% stake was sold to Connor, Clark & Lunn Infrastructure at the end of last year.
The company hopes to expand its presence in the country by signing new PPAs which will reinforce its low-risk profile and its growth strategy based on the development of competitive projects with long-term financial visibility.
This contract demonstrates EDPR’s commitment to leading the energy transition, an objective that is part of its 2021-25 evolution plan, which includes an investment of 19 billion euros to deploy 20 GW of renewable energy by 2025.
About EDP Renewables France
EDPR France develops, finances, builds and operates wind and photovoltaic farms throughout France through a team of over 100 people. With 549 MW in operation in France, including 161 MW of installed power and 388 MW managed on behalf of third parties, EDPR is one of the leading French players, supplying more than 900,000 people with clean electricity and avoiding the emission of 50,000 tonnes of CO2. EDPR is also developing 1 GW of projects, as part of a joint venture with Engie (Ocean Winds), and 24 MW of floating wind power in Leucate in the Mediterranean.
[ Communiqué ]
Main link: www.edpr.com/france/