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Hoosier Energy signs PPA for EDPR’s 200MW Indiana solar project

CTBR Staff Writer Published 09 April 2018

Hoosier Energy Rural Electric Cooperative (Hoosier Energy) has signed a power purchase agreement (PPA) with EDP Renewables (EDPR) to buy clean electricity from the yet to be completed 200MW solar project in Indiana.

The Riverstart Solar Project will be located in Indiana’s Randolph County and is expected to be operational by 2022.

The solar project will generate enough clean energy to be supplied to 37,000 households in the locality. As per the PPA, Hoosier Energy will receive the clean energy from the project for a period of 20 years.

Hoosier Energy CEO Steve Smith said: “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.

“We appreciate the relationship we have with EDPR and look forward to working with them to make this project a success.”

The agreement by Hoosier Energy, a Bloomington-based generation and transmission cooperative, is expected to benefit 18-consumer owned electric cooperatives in central and southern Indiana and southeast Illinois.

The project is also expected to be beneficial for the local community in Randolph County, as it will add jobs during the construction. It will also contribute significantly to the local economy in the form in taxes, landowner payments and money spent on local communities.

With the power purchase agreement, EDPR is expected to increase its share of renewable energy in state of Indiana. Presently it holds more than 800MW in operational wind and a further of 200MW to come online this year in Benton County.

EDP Renewables CEO João Manso Neto said: “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."

In February, Nestlé had signed a 15 year power purchase agreement with EDP Renewables for supply of 50MW of clean energy to power Nestlé's five facilities in southeastern Pennsylvania.

Image: The Riverstart Solar Project could start operations in 2022. Photo: Courtesy of RK008/FreeDigitalPhotos.net.