Project Details

The Ratts 1 Solar Project

Capital Dynamics and Tenaska are proud to be developing the Ratts 1 Solar Project, located in Pike County, Indiana.

Here is a snapshot of the project:

Size

150 megawatts (MW)

Location

Pike County, Indiana. The power will be transmitted to the Hoosier Energy substation at Ratts-Victory interconnection point.

Land Area

The project will have a footprint of approximately 1,200 acres of land to locate solar panel arrays, an operations and maintenance building, inverters and access roads.

Investment

$128 million direct investment

Power Generation

The project is expected to generate enough solar energy to power the average electricity consumption of approximately 28,000 Indiana homes each year.

Project Life

Once constructed, the project has a 35-year useful life. After this time, it will be decommissioned in accordance with an agreed-upon decommissioning plan and bond.

Economic Development Study

A study conducted in June by Gnarly Tree Sustainability Institute, in collaboration with Dr. Kenneth Richards of Indiana University’s O’Neill School of Public and Environmental Affairs, reported that the Ratts 1 project would bring broad economic benefits to Pike County, including:

Direct Construction Jobs

Employment of varying durations for approximately 350 people within the county, or the equivalent of 188 full-time, full-year jobs.

Direct Operations Jobs

Full-time employment for four workers overseeing operations and maintenance for the expected 35-year project life.

Local Goods and Services

Annual expenditures on goods and services in excess of $350,000 per year for 35 years.

Gross Domestic Product

Contribution of $19.3 million to Pike County GDP during construction with an additional $800,000 per year during operations.

Economic Ripples

Additional jobs and spending as an indirect outcome of economic activities created by the project.

Benefits

Community Benefits

  • Generates property and sales tax revenue for schools, first responders and other local needs
  • Compensates landowners for land use providing stable income source for over 35 years
  • Contracts with local businesses and services
  • Does not place heavy burden on government-supported services like schools and roads
  • Results in secondary economic activity for local restaurants, hotels and other retail and wholesale businesses

Power Benefits

  • Does not need external fuel inputs, reducing transportation risks and increasing reliability
  • Will help Indiana meet its power needs

Environmental Benefits

  • Produces zero-emissions power that does not contribute to local pollution or global climate change
  • Generates power with no noise or smell
  • Will help Indiana meet its clean energy and climate goals

Timeline

MID-2020

Local Agreements

The team will produce an initial engineering layout and environmental review for the project and seek the required local approvals needed to move the project forward.

MID-2020

Engineering and permitting.

EARLY 2021

Final approval.

2021/2022

Begin construction.

2022/2023

Pike County project is completed and operating.

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