Project Details

Arevon and Tenaska are proud to be developing the Posey Solar Project, located in Posey County, Indiana.

Here is a snapshot of the project:

Size

200 megawatt AC

Location

Posey County, Indiana. The power will be transmitted to the AB Brown - Gibson transmission line.

Land Area

The project will have a footprint of approximately 1,000 acres of land to locate solar panel arrays, an operations and maintenance building, inverters and access roads.

Investment

Direct investment in the hundreds of millions of dollars

Power Generation

The project will generate clean renewable energy, for Indiana homes and businesses.

Project Life

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 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 Posey solar project would bring broad economic benefits to Posey County, including:

Direct Construction Jobs

Employment of varying durations for the equivalent of 250 full-time jobs for 18 months.

Direct Operations Jobs

Full-time employment for 5 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 $1.3 MILLION per year for 35 years.

Gross Domestic Product

Contribution of $47.8 million to Posey County GDP during construction with an additional $1.2 million per year during operations.

Economic Ripples

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

Benefits

Economic Benefits

The Posey Solar Project represents an investment of nearly $162 million in the area economy, which includes:

During construction

212 full-time construction jobs
$31.2 million contribution to Posey County’s GDP
79 additional, indirect full-time local and regional jobs

During 35-year operational life

5 full-time operations jobs
$485,000 spent annually on goods and services to support operation
$1.2 million contribution to Posey County’s GDP each year
8 additional, indirect full-time local and regional jobs

This is in addition to millions of dollars in landowner lease payments and significant tax revenue to local units of government over the life of the solar project. At the same time, a solar project does not place a heavy burden on government-supported services like schools and police.

Source: Economic benefits 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.

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

EARLY 2021

Local Agreements

MID-2021

Engineering and Permitting

EARLY-2022

Final Approvals

2022

Begin Construction

2023

Operational

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POSEY County, Indiana