Arevon Energy has conducted a groundbreaking event to construct the 228 megawatt (MWdc) Posey Solar Project in Posey County, Indiana.
Arevon Energy has developed the Posey Solar project in partnership with CenterPoint Energy. Bechtel is the solar power project’s engineering, procurement, and construction (EPC) contractor. Posey Solar is expected to become operational by mid-2025. Arevon Energy will distribute the clean energy generated by the solar project to meet the energy needs of homes and businesses in southwestern Indiana.
Kevin Smith, Chief Executive Officer at Arevon; Richard Leger, Senior Vice President, Indiana Electric at CenterPoint Energy; Ryan Hadley, Executive Director at the Indiana Office of Energy Development; and Connie Neininger, National Policy Advisor at the Center for Infrastructure & Economic Development shared their insights on the project’s impact at the Posey Solar Project groundbreaking event.
Arevon and CenterPoint Energy first announced their partnership for the Posey Solar Project in February 2021, and CenterPoint Energy received final approval from the Indiana Utility Regulatory Commission (IURC) in October 2023, to acquire the Posey Solar Project. CenterPoint Energy will be the long-term owner and will operate the project.
During construction, Posey will create more than 200 full-time construction jobs and will have a multi-million-dollar budget to operate and maintain the project during its estimated 35-year lifespan. The project, which is slated to include a 20-acre pollinator garden within its footprint, will also contribute lease payments to Posey County landowners and more than $30 million to local governments over the life of the project.
During the construction period, an estimated $31.2 million will be spent in Posey County, going toward hotels, restaurants, and other local businesses. Moreover, the Posey project has committed to contributions to the Marrs Township Fire Department over the life of the project and also contributed $219,000 toward new communications towers that will help ensure reliable radio service to first responders.
Arevon owns and operates more than 3,500 megawatts (MW) of solar, storage, and solar + storage hybrid assets across the country and has a robust portfolio of more than 6 gigawatts of projects in development. Arevon was named one of Arizona’s Top Workplaces in 2022 and 2023.