Madrid: Hoosier Energy Rural Electric Cooperative, Inc. and EDP Renewables (EDPR) have executed a power purchase agreement (PPA) that will bring the 200 MW Riverstart Solar Park to Indiana’s Randolph County. The solar park is expected to be operational in 2022 and will be the largest solar array in the state, producing enough clean electricity to power approximately 37,000 households. The project will also bring economic benefits to the region and to the state of Indiana in the form of jobs, landowner and tax payments, and money spent in local communities.
This commitment by Hoosier Energy, a Bloomington-based generation and transmission cooperative, will benefit 18-consumer owned electric cooperatives in central and southern Indiana and southeast Illinois that serve more than 300,000 homes, farms, and businesses. Under the PPA, Hoosier Energy will receive all energy from the solar park for 20 years.
“The 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”, noted Hoosier Energy CEO Steve Smith. “We appreciate the relationship we have with EDPR and look forward to working with them to make this project a success.”
“EDP Renewables is pleased to advance our partnership with Hoosier Energy and to diversify our renewable energy portfolio in Indiana with the addition of the Riverstart Solar Park,” said João Manso Neto, EDP Renewables CEO. “Our company looks forward to bringing more clean, low-cost energy to consumers served by Hoosier Energy member cooperatives,” added Miguel Ángel Prado, EDP Renewables North America CEO.
Through this agreement, EDPR will further increase its renewable energy footprint in Indiana. To date, EDPR has more than 800 MW of operational wind in the state and will have another 200 MW wind farm online by the end of 2018 in Benton County.