EDP Renewables, Hoosier Energy Partner to Bring Solar Energy, Economic Benefits to Indiana

 

WINCHESTER, IN, April 6, 2018 – Hoosier Energy Rural Electric Cooperative, Inc. and EDP Renewables (EDPR) have executed a power purchase agreement (PPA) that will bring the 200 MW Riverstart Solar Park to Indiana’s Randolph County. The solar park is expected to be operational in 2022 and will be the largest solar array in the state, producing enough clean electricity to power approximately 37,000 households. The project will also bring economic benefits to the region and to the state of Indiana in the form of jobs, landowner and tax payments, and money spent in local communities.

 

This commitment by Hoosier Energy, a Bloomington-based generation and transmission cooperative, will benefit 18-consumer owned electric cooperatives in central and southern Indiana and southeast Illinois that serve more than 300,000 homes, farms, and businesses. Under the PPA, Hoosier Energy will receive all energy from the solar park for 20 years.

 

“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,” noted Hoosier Energy CEO Steve Smith. “We appreciate the relationship we have with EDPR and look forward to working with them to make this project a success.”

 

“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,” said João Manso Neto, EDP Renewables CEO. “Our company looks forward to bringing more clean, low-cost energy to consumers served by Hoosier Energy member cooperatives,” added Miguel Ángel Prado, EDP Renewables North America CEO.

 

Through this agreement, EDPR will further increase its renewable energy footprint in Indiana. To date, EDPR has more than 800 MW of operational wind in the state and will have another 200 MW wind farm online by the end of 2018 in Benton County.

 

About EDP Renewables

EDP Renewables (Euronext: EDPR) is 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 12 markets (Belgium, Brazil, Canada, France, Italy, Mexico, Poland, Portugal, Romania, Spain, the UK and the US). 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 a Dow Jones Sustainability Index for 10 consecutive years. For further information, visit www.edpr.com.

 

About EDP Renewables North America

EDP 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 45 wind farms, five solar parks, and 13 regional and development offices across North America, EDPR NA has developed more than 6,200 megawatts (MW) and operates more than 5,600 MW of renewable energy projects. EDPR NA is owned by EDP Renováveis, S.A. (EDPR). For more information, visit www.edprnorthamerica.com.

 

About Hoosier Energy

Hoosier Energy is a generation and transmission cooperative (G&T) with headquarters in Bloomington, Ind. The G&T provides electric power and services to 18 electric distribution cooperatives in southern and central Indiana and southeastern Illinois. Hoosier Energy is committed to an “all-of-the-above” generation strategy and operates the coal-fired Merom Generating Station, three natural gas power plants, several renewable energy plants and a 1,700-mile transmission network. The cooperative has adopted a voluntary renewable energy policy that calls for 10% of the energy supplied members to be provided from renewable sources by 2025. For more information, visit www.hoosierenergy.com.