EDP Renewables North America (EDPR NA), has completed construction of the 200 MW Riverstart Solar Park in Randolph County, Ind. The estimated capital investment for a solar park is approximately $180 million due to its size and scale. Throughout the project’s life, Riverstart will provide roughly $54 million to local landowners.
“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,” says Sandhya Ganapathy, EDPR NA’s CEO. “Riverstart brings Indiana one step closer to a clean energy future.”
Riverstart Solar Park has a 20 years purchase power agreement with Hoosier Energy. The PPA will allow the solar park’s energy to be used to power communities throughout central, southern Indiana and southeastern Illinois.
“This collaboration continues our diversification of Hoosier Energy’s resource portfolio, including a higher percentage of renewable sources,” states Donna Walker, Hoosier Energy’s 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 (CC&L 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,” mentions 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.”