228MW Posey Solar Project breaks ground in Indiana
Transactions - MAY 20, 2024

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228MW Posey Solar Project breaks ground in Indiana

by Kali Persall

Arevon Energy, CenterPoint Energy and Bechtel have broken ground on the 228-megawatt Posey Solar Project in Indiana.

Arevon developed Posey Solar in partnership with CenterPoint Energy, and Bechtel is the project’s engineering, procurement and construction (EPC) contractor.

Arevon and CenterPoint Energy first announced their partnership for the 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 Solar will have a multimillion-dollar budget to operate and maintain the project during its estimated 35-year lifespan. It will power the equivalent of more than 25,000 homes annually.

Posey Solar, which is slated to include a 20-acre pollinator garden within its footprint, also will contribute lease payments to Posey County landowners

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