Project Details
Arevon is proud to be building the Ratts 2 Solar Project, located in Knox County, Indiana.
Here is a snapshot of the project:
Size
150 megawatts AC
Location
Knox County, Indiana. The power will be transmitted to the Hoosier Energy Ratts Substation 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 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 4 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 $363,000 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.
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
