Arevon is proud to be building the Ratts 2 Solar Project, located in Knox County, Indiana.
Here is a snapshot of the project:
150 megawatts (MW) AC
Knox County, Indiana. The power will be transmitted to the Hoosier Energy Ratts Substation interconnection point.
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.
$128 million direct investment
The project is expected to generate enough solar energy to power the average electricity consumption of approximately 28,000 Indiana homes each year.
Once constructed, the project has a 35-year useful life. After this time, it will be decommissioned in accordance with a decommissioning plan and bond.
Economic Development Study
A study conducted 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 2 project would bring broad economic benefits to Knox County, including:
Direct Construction Jobs
Employment of varying durations for 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 $20.9 million to Knox County GDP during construction with an additional $941,000 per year during operations.
Additional jobs and spending as an indirect outcome of economic activities created by the project.
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
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Does not need external fuel inputs, reducing transportation risks and increasing reliability
Will help Indiana meet its power needs
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