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Released May 22, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy developer Arevon (Scottsdale, Arizona) and utility CenterPoint Energy (NYSE:CNP) (Houston, Texas) this week conducted a groundbreaking ceremony for one of the many of the renewable energy projects in development in Indiana, where Industrial Info is tracking more than $18 billion worth of active solar and wind power projects.
As with many states, the majority of Indiana's renewable energy projects come from solar power, and Arevon and CenterPoint's Posey County facility is part of the state's strong solar showing. The project represents a partnership between the two companies in which Arevon will construct the facility, while CenterPoint will be its long-term owner and operator. Arevon and CenterPoint first announced their partnership for the Posey solar project in February 2021, and CenterPoint received final approval from the Indiana Utility Regulatory Commission to acquire the facility in October 2023. Engineering, procurement and construction (EPC) company Bechtel (Reston, Virginia) is expected to complete the facility by mid-2025, when it will begin supplying 228 megawatts (MW) of clean energy to the grid. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing by the project report.
The Posey facility is one of several active renewable energy projects in Indiana, a few others of which also are being constructed by Arevon. Later this year, for example, the company plans to break ground on the Elliott solar project in Gibson County. The facility will use an estimated 648,000 solar modules to provide 200 MW of generation. If the project's timeline unfolds as expected, the Elliott project could begin providing power in the second half of 2025. Subscribers can learn more by viewing the project report.
While Industrial Info is tracking $1.25 billion in Indiana projects involving Arevon, that number is just a fraction of the $18 billion in active renewable energy projects in the state, although some of these will be placed on hold or cancelled. Industrial Info has deemed more than $9 billion worth of these projects to have a high or medium (70-99%) probability of moving forward as planned.
No mention of renewable energy in Indiana would be complete without a mention of Starke Solar LLC's (North Abington Township, Pennsylvania) Mammoth solar project in Starke and Pulaski counties. An initial 400-MW portion of the project was completed a couple of months ago. A second-phase addition is set to kick off this summer, adding a little less than 650,000 panels to provide another 300 MW of generation. This phase is expected to be completed in the summer of 2025, upon which an even larger third phase of construction is planned, resulting in an additional 600 MW of power, putting the plant on track to generate about 1,300 MW at peak output and making it one of the largest solar farms in the U.S. Subscribers can learn more by viewing the related project reports.
Other notable solar power projects in the state include U.S. renewable energy giant Invenergy LLC's (Chicago, Illinois) Fairbanks solar energy center in Sullivan County. EPC company Cupertino Electric Incorporated first turned earth on the project in early 2023, beginning the process of adding nearly 580,000 First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) solar panels on a single-axis horizontal tracking system that will provide 250 MW of power when completed in the first quarter of next year. Subscribers can click here to learn more about the project.
While solar dominates Indiana's proposed renewable energy projects, a few wind power projects are present in the mix as well, resulting in about 1,700 MW of proposed projects, although not all of these will be built. Leeward Renewable Energy LLC (Dallas, Texas) plans to begin construction this summer on the Blackford Windfarm in Blackford County, which will feature 100 turbines to provide an aggregate 200 MW of generation. The facility is expected to be completed in the second half of next year.
An alternative energy branch of BP (NYSE:BP) (London, England) this summer plans to begin a repower project on the Fowler Ridge Windfarm in Benton County by replacing 182 turbines rated at 1.8 MW with new ones that can generate up to 2 MW each, increasing power by more than 35 MW and extending the facility's service life. The repowering project is expected to last about a year. Subscribers can learn more by viewing the reports on the Fowler Ridge and Blackford projects.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
As with many states, the majority of Indiana's renewable energy projects come from solar power, and Arevon and CenterPoint's Posey County facility is part of the state's strong solar showing. The project represents a partnership between the two companies in which Arevon will construct the facility, while CenterPoint will be its long-term owner and operator. Arevon and CenterPoint first announced their partnership for the Posey solar project in February 2021, and CenterPoint received final approval from the Indiana Utility Regulatory Commission to acquire the facility in October 2023. Engineering, procurement and construction (EPC) company Bechtel (Reston, Virginia) is expected to complete the facility by mid-2025, when it will begin supplying 228 megawatts (MW) of clean energy to the grid. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing by the project report.
The Posey facility is one of several active renewable energy projects in Indiana, a few others of which also are being constructed by Arevon. Later this year, for example, the company plans to break ground on the Elliott solar project in Gibson County. The facility will use an estimated 648,000 solar modules to provide 200 MW of generation. If the project's timeline unfolds as expected, the Elliott project could begin providing power in the second half of 2025. Subscribers can learn more by viewing the project report.
While Industrial Info is tracking $1.25 billion in Indiana projects involving Arevon, that number is just a fraction of the $18 billion in active renewable energy projects in the state, although some of these will be placed on hold or cancelled. Industrial Info has deemed more than $9 billion worth of these projects to have a high or medium (70-99%) probability of moving forward as planned.
No mention of renewable energy in Indiana would be complete without a mention of Starke Solar LLC's (North Abington Township, Pennsylvania) Mammoth solar project in Starke and Pulaski counties. An initial 400-MW portion of the project was completed a couple of months ago. A second-phase addition is set to kick off this summer, adding a little less than 650,000 panels to provide another 300 MW of generation. This phase is expected to be completed in the summer of 2025, upon which an even larger third phase of construction is planned, resulting in an additional 600 MW of power, putting the plant on track to generate about 1,300 MW at peak output and making it one of the largest solar farms in the U.S. Subscribers can learn more by viewing the related project reports.
Other notable solar power projects in the state include U.S. renewable energy giant Invenergy LLC's (Chicago, Illinois) Fairbanks solar energy center in Sullivan County. EPC company Cupertino Electric Incorporated first turned earth on the project in early 2023, beginning the process of adding nearly 580,000 First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) solar panels on a single-axis horizontal tracking system that will provide 250 MW of power when completed in the first quarter of next year. Subscribers can click here to learn more about the project.
While solar dominates Indiana's proposed renewable energy projects, a few wind power projects are present in the mix as well, resulting in about 1,700 MW of proposed projects, although not all of these will be built. Leeward Renewable Energy LLC (Dallas, Texas) plans to begin construction this summer on the Blackford Windfarm in Blackford County, which will feature 100 turbines to provide an aggregate 200 MW of generation. The facility is expected to be completed in the second half of next year.
An alternative energy branch of BP (NYSE:BP) (London, England) this summer plans to begin a repower project on the Fowler Ridge Windfarm in Benton County by replacing 182 turbines rated at 1.8 MW with new ones that can generate up to 2 MW each, increasing power by more than 35 MW and extending the facility's service life. The repowering project is expected to last about a year. Subscribers can learn more by viewing the reports on the Fowler Ridge and Blackford projects.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
