Ratts 1 Solar PV Park is a 150MW solar PV power project. It is planned in Indiana, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 150 | – | 150 | Permitting | Indiana, the US | Arevon Energy Management; Tenaska |
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Description
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The project is being developed by Arevon Energy Management and Tenaska. The project is currently owned by Capital Dynamics.
Ratts 1 Solar PV Park is a ground-mounted solar project which is planned over 1,200 acres.
The project is expected to supply enough clean energy to power 28,000 households. The project cost is expected to be around $128m.
The solar power project consists of 375,000 modules.
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By GlobalDataDevelopment Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Indiana Municipal Power Agency under a power purchase agreement for a period of 20 years.
Contractors Involved
The project will utilise horizontal single axis tracker that are likely to be supplied by NEXTracker.
About Tenaska
Tenaska Inc (Tenaska) is an independent energy company. It designs, develops, finances, manages and operates power plants. The company develops natural gas-fueled and renewable power projects. It sells power to independent power producers, private equity investors, utilities, industrial customers, and retail customers. It also markets natural gas and provides natural gas supply chain management services. Tenaska provides energy management and related services to generation and demand side customers in the US. It also offers asset management services for natural gas and power. The company has offices in Texas, Colorado, Pennsylvania, and Massachusetts in the US and Alberta and British Columbia in Canada. Tenaska is headquartered in Omaha, Nebraska, the US.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
