Speedway Solar PV Park is a 199MW 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 | 199 | – | 199 | Permitting | Indiana, the US | Ranger Power |
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Description
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The project is being developed and currently owned by Ranger Power.
Speedway 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 35,000 households. The project cost is expected to be around $175m.
Development 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 Wabash Valley Power Association under a power purchase agreement for a period of 35 years. The offtake capacity is expected to be 199MW.
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.
