Peony Solar Farm is a 315MW solar PV power project. It is planned in Indiana, the US. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.

Description

The project is being developed and currently owned by Lightsource BP Renewable Energy Investments. The company has a stake of 100%.

Peony Solar Farm is a ground-mounted solar project which is planned over 1,900 acres.

The project is expected to supply enough clean energy to power 48,000 households, to offset 373,050t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $318.15m.

Development status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.

For more details on Peony Solar Farm, buy the profile here.

About Lightsource BP Renewable Energy Investments

Lightsource BP Renewable Energy Investments Ltd (Lightsource BP) formerly Lightsource Renewable Energy Ltd, is an alternative energy company. It acquires, develops and manages large-scale solar projects and smart energy solutions. The company’s service offering includes site identification, power marketing, engineering, procurement, construction management, and operation and maintenance services. Lightsource BP also provides power purchase agreements, risk management, asset management, monitoring, optimization and financing solutions. It operates across Americas, Africa, Asia Pacific, the Middle East and Europe. The company is owned by BP Plc and its management and staff. The Company is headquartered in London, Greater London, the UK..

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.