Arevon is proud to be building the Ratts 2 Solar Project, located in Knox County, Indiana.
150 megawatts 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.
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:
Employment of varying durations for the equivalent of 188 full-time, full-year jobs.
Full-time employment for 4 workers overseeing operations and maintenance for the expected 35-year project life.
Annual expenditures on goods and services in excess of $363,000 per year for 35 years.
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.