Riverstart Solar Park will have an installed capacity of 200 megawatts (MW) — enough to power approximately 36,000 average Indiana homes with clean energy each year.
Riverstart Solar Park will yield significant economic benefits to the community in the form of payments to landowners, local spending, and annual community investment.
Riverstart represents a capital investment of approximately $242 million and will disperse millions in property tax payments to local governments and school districts over the life of the project. The project will create hundreds of full-time equivalent jobs during construction as well as several permanent jobs. Through the project’s lifecycle, millions of dollars will be spent within 50 miles of the solar park.
Riverstart Solar Park will save more than 335 million gallons of water each year and displaces carbon emissions from fossil fuel power plants, a major contributor to climate change. Solar energy also enhances air quality by helping to mitigate the health effects of harmful air pollutants.
Riverstart Solar Park will be compatible with other land uses and will provide a stable form of income to local landowners. Millions of dollars will be paid to the solar park’s landowners through the life of the project. These supportive landowners participate in long-term lease agreements.
Riverstart Solar Park will consist of thousands of photovoltaic solar panels mounted on a single-axis tracking system for a combined output of 200 MW. Photovoltaic solar cells have no moving parts and convert sunlight directly into electricity via the photoelectric effect. This direct-current electricity is then collected, transformed into alternating-current, and finally enters the electrical grid through a substation after being converted to the proper voltage.