INDIANA: Riverstart › wp... · Riverstart Solar Park will consist of thousands of solar...

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INDIANA: Riverstart Riverstart Solar Park will produce enough clean electricity to power more than 36,000 Indiana homes. 1 COD 2022 200 MW Riverstart Solar Park will be located approximately 80 miles northeast of Indianapolis in eastern Indiana. Located entirely within Randolph County, the solar park will complement the area’s agricultural resources with a stable, drought-resistant cash crop in the form of landowner lease payments. Economic Benefits Riverstart represents a capital investment of approximately $242 million. 2 Millions of dollars will be paid to local landowners through the life of the project. Millions of dollars in payments to local governments through the life of the project. Creation of hundreds of full-time equivalent jobs during construction and several permanent jobs during the life of the project. 3 Millions of dollars will be spent within 50 miles of the solar park through the life of the project. 4 Hoosier Energy will purchase clean energy from Riverstart. 5

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INDIANA:Riverstart

Riverstart Solar Park will produce enough clean electricity to power more than 36,000 Indiana homes.1

COD 2022

200 MWRiverstart Solar Park will be located approximately 80 miles northeast of Indianapolis in eastern Indiana. Located entirely within Randolph County, the solar park will complement the area’s agricultural resources with a stable, drought-resistant cash crop in the form of landowner lease payments.

Economic Benefits

Riverstart representsa capital investment

of approximately $242 million.2

Millions of dollars will be paid to local landowners

through the life of the project.

Millions of dollars in paymentsto local governments through

the life of the project.

Creation of hundreds of full-time equivalent jobs during

construction and severalpermanent jobs during the life of the project.3

Millions of dollars will be spentwithin 50 miles of the solar park through the life of the project.4

Hoosier Energy will purchase clean energy

from Riverstart.5

Page 2: INDIANA: Riverstart › wp... · Riverstart Solar Park will consist of thousands of solar photovoltaic panels. For more information, visit or Riverstart Solar Park will save more

Solar Project Overview

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6 FT About 6 Football Fieldsor 7-10 Acres

1 MWSolar =

powers morethan 240 average homes1

About UsEDP Renewables North America LLC (“EDPR NA”) and its subsidiaries develop, construct, own, and operate wind farms and solar parks throughout North America. Headquartered in Houston, Texas, with 49 wind farms, five solar parks, and 13 regional and development offices across North America, EDPR NA has developed more than 6,900 megawatts (MW) and operates more than 6,300 MW of renewable energy projects. With approximately 675 employees, EDPR NA’s highly qualified team has a proven capacity to execute projects across the continent.

EDPR NA is owned by EDP Renováveis, S.A. (“EDP Renewables” or “EDPR”), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first-class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 14 markets (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, the United Kingdom, and the United States). Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation, and sustainability. EDP has been included in the Dow Jones Sustainability Index for 12 consecutive years.

Riverstart Solar Park will consist of thousands of solar photovoltaic panels.

For more information, visit www.edpr.com or www.edprnorthamerica.com

Riverstart Solar Park will save more than 355 million

gallons of water each year.6

Riverstart Solar Park will provide energy security and

help diversify supply.

Indianapolis Development Office129 East Market Street • Indianapolis, IN 46204

P: 317-636-0866 F: 317-636-1418

1Power generation calculated using a 23% capacity factor. Household consumption based on 2017 EIA Household Data monthly average consumption by state.

2Assumes the average cost of an installed solar park is $1.21/watt for utility scale project with at least 10 MW capacity, based on GTM Research & SEIA, “U.S. Solar Market Insight: Q3 2016. http://www.seia.org/research-resources/solar-market-insight-report-:2016-q3

3Full-time equivalent jobs calculated by dividing number of contractor hours worked during construction by 2080.

4Includes vendor spending, property taxes, landowner payments, and wages from site jobs. These numbers are presented for example purposes only, and actual payments may vary.

5Riverstart Solar Park Offtakers: Hoosier Energy (PPA).

6Assumes 0.58 gallons of water consumed per kWh of conventional electricity from “Water Consumption Factors for Electricity Generation in the United States” Lee, Han, & Elgowainy, 2016. https://greet.es.anl.gov/publication-wcf-2016.