Arevon Power, together with CenterPoint Power, Bechtel, collaborating landowners, and different company joined collectively at a groundbreaking occasion to have fun the development of the 228-MWDC Posey Photo voltaic Undertaking in Posey County, Indiana. Arevon developed Posey Photo voltaic in partnership with CenterPoint Power, and Bechtel is the mission’s engineering, procurement and building (EPC) contractor. Posey Photo voltaic is anticipated to turn into operational by mid-2025, and the clear power generated by the mission shall be distributed to fulfill the power wants of southwestern Indiana houses and companies.
The Posey Photo voltaic Undertaking groundbreaking occasion featured a welcome tackle, celebrating the graduation of Indiana’s latest photo voltaic mission; networking and refreshments; and a symbolic groundbreaking second the place mission companions, landowners, and esteemed company ceremoniously marked the start of the mission’s building. A number of audio system, together with Kevin Smith, CEO at Arevon; Richard Leger, senior VP of Indiana Electrical at CenterPoint Power; Ryan Hadley, govt director on the Indiana Workplace of Power Improvement; and Connie Neininger, nationwide coverage advisor on the Heart for Infrastructure & Financial Improvement additionally shared their insights on the mission’s affect.
“Renewable power, resembling photo voltaic, helps the diversification of our state’s power portfolio, decreases the tax burden on the county’s residents, supplies financial advantages to the landowners and improves the enterprise atmosphere for the county. Posey County, by the event of their balanced photo voltaic ordinance, encourages the event of renewable power to help the long run development and viability of their rural group,” mentioned Neininger.
Arevon and CenterPoint Power first introduced their partnership for the Posey Photo voltaic Undertaking in February 2021, and CenterPoint Power obtained remaining approval from the Indiana Utility Regulatory Fee (IURC) in October 2023, to accumulate the Posey Photo voltaic Undertaking. CenterPoint Power would be the long-term proprietor and can function the mission.
Throughout building, Posey will create greater than 200 full-time building jobs and can have a multi-million-dollar finances to function and keep the mission throughout its estimated 35-year lifespan. The mission, which is slated to incorporate a 20-acre pollinator backyard inside its footprint, may even contribute lease funds to Posey County landowners and greater than $30 million to native governments over the lifetime of the mission. In the course of the building interval, an estimated $31.2 million shall be spent in Posey County, going towards motels, eating places and different native companies. Furthermore, the Posey mission has dedicated to contributions to the Marrs Township Hearth Division over the lifetime of the mission and in addition contributed $219,000 towards new communications towers that may assist guarantee dependable radio service to first responders.
“Posey Photo voltaic supplies important advantages to the state of Indiana and to Posey County, together with cost-effective renewable power, substantial building jobs, and long-term tax advantages to the area,” mentioned Kevin Smith. “Arevon appreciates our companions and the stakeholders who made this mission a actuality, and we sit up for advancing the Posey Photo voltaic Undertaking into operations.”
Information merchandise from Arevon
