Sunrise Energy Ventures bags three 10MW solar projects in Indiana

16 August 2012

Solar power project

Sunrise Energy Ventures has been awarded three new 10MW solar projects in Indiana by Indianapolis Power & Light Company (IPL).

The power generated by Sunrise Energy Ventures at these sites will be purchased by IPL at a fixed price under a 15-year power purchase agreement.

The three sites, set to be the largest solar projects in the Midwest, will together generate a total of 30MW of energy, enough to power 7,500 homes in the region.

Dean Leischow, Sunrise Energy Ventures managing director, said: "We are gratified to be awarded this opportunity by IPL. This is a significant project, and SEV is proud to be developing the largest cumulative solar power project in the Midwest."

The projects will add to Sunrise's energy portfolio, which also includes a 2.9MW facility in New Mexico with an additional 2.5MW under development, providing solar power to Xcel Energy.

In North Carolina, SEV has also developed 5.2MW under a contract with the Tennessee Valley Authority.

SEV combines tax and utility production incentives to fund projects where electrical utilities and the US have a concentrated effort to improve their renewable energy footprint.


Image: Three solar projects in Indiana will generate 30MW of energy, enough to power 7,500 homes. Photo: courtesy of Akhil Jariwala.