DATE: October 28, 2021
Connor, Clark and Lunn Infrastructure, EDP Renewables North America, and Hoosier Energy Celebrate American Clean Power Week at Indiana Solar Park
Connor, Clark and Lunn Infrastructure (CC&L Infrastructure), EDP Renewables North America (EDPR NA), and Hoosier Energy are celebrating American Clean Power Week as construction winds down at the 200-megawatt (MW) Riverstart Solar Park in Indiana, which will be the largest solar array in the state upon completion.
Located 80 miles northeast of Indianapolis, the solar park has brought hundreds of jobs to Randolph County with approximately $180 million in capital investments. When operational, Riverstart Solar Park will power the equivalent of more than 36,000 average Indiana homes annually.
Over the project’s lifetime, millions of dollars in property tax payments will be disbursed to school districts and local governments. Riverstart has a 20-year purchase power agreement (PPA) with Bloomington-based Hoosier Energy, which will use energy produced from the project to power communities throughout central and southern Indiana and southeastern Illinois. The agreement will help diversify the electric grid and add to Indiana’s growing portfolio of renewable energy projects.
“Riverstart Solar Park will provide an economical source of renewable energy for the next two decades and is a great fit for our members’ long-term needs,” said Donna Walker, Hoosier Energy President and CEO. “Hoosier Energy appreciates the collaboration with EDPR and CC&L Infrastructure and looks forward to working with them to make this project a success.”
Hoosier Energy is a not-for-profit generation and transmission cooperative that provides electric power and services to 18 not-for-profit electric distribution cooperative owners. The 18 cooperative members serve more than 760,000 consumers.
The solar project’s construction has already created hundreds of jobs for Hoosiers and continues to bring well paying jobs to the area. Riverstart has also led to millions of dollars of spending within 50 miles of the project— boosting the local economy and supporting local businesses and families. The project will also complement the area’s agricultural resources with a stable, weather-proof cash crop in the form of landowner lease payments.
“CC&L Infrastructure and our investment partner, Desjardins Group, are pleased to own and operate this largescale solar project alongside EDPR,” said Matt O’Brien, President of CC&L Infrastructure. “As long-term investors, we believe in responsible investment. CC&L Infrastructure is focused on investing in essential infrastructure projects that support local communities while creating value for customers, employees and investors. We look forward to working together to supply Hoosier and Randolph County with solar power for the decades to come.”
“EDP Renewables is proud to bring investments, jobs, economic growth, and renewable energy to Indiana,” said Miguel Prado, CEO of EDP Renewables North America. We are grateful for the collaboration with Hoosier Energy and CC&L Infrastructure, who made the Riverstart Solar Park possible, and we are thrilled to see the positive impact solar power has had on the Randolph County community and the state of Indiana as a whole.”
Riverstart Solar Park is expected to begin operations before the end of 2021. EDPR NA has 1,199 MW of operational renewable energy capacity in Indiana, which represents one-third of all renewable energy capacity installed in the state. Through the company’s dedication to sustainability measures, Indiana is one step closer to a cleaner, brighter future.
About Connor, Clark & Lunn Infrastructure
CC&L Infrastructure invests in middle-market infrastructure assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. The firm has been an active investor and owner of traditional and renewable energy assets for more than 15 years. Its portfolio includes more than 60 hydro, solar, and wind facilities totaling 1.4 GW of clean energy generating capacity globally. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi boutique asset management firm whose affiliates collectively manage approximately CAD$100 billion in assets.
For more information, please visit www.cclinfrastructure.com.
About EDP Renewables North America
EDP Renewables North America LLC (EDPR NA), its affiliates, and its subsidiaries develop, construct, own, and operate wind farms and solar parks throughout North America. Headquartered in Houston, Texas, with 58 wind farms, eight solar parks, and seven regional offices across North America, EDPR NA has developed more than 8,300 megawatts (MW) and operates more than 8,000 MW of onshore utility-scale renewable energy projects. With more than 800 employees, EDPR NA’s highly qualified team has a proven capacity to execute projects across the continent.
For more information, visit www.edpr.com/north-america.
About EDP Renewables
EDP Renewables (Euronext: EDPR), is a global leader in the renewable energy sector and the world’s fourth-largest renewable energy producer. With a sound development pipeline, first class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 17 international markets (Belgium, Brazil, Canada, Chile, Colombia, France, Greece, Hungary, Italy, Mexico, Poland, Portugal, Romania, Spain, the United Kingdom, the United States, and Vietnam).
EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a Top Employer 2020 in Europe (Spain, Italy, France, Romania, Portugal, and the United Kingdom) and a Top Workplace 2020 in the United States, both of which recognize its employee-driven policies.
Energias de Portugal, S.A. (EDP), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation, and sustainability. EDP has been included in the Dow Jones Sustainability Index for 13 consecutive years.
About Hoosier Energy
Founded in 1949, Hoosier Energy is a generation and transmission cooperative (G&T) with headquarters in Bloomington, Indiana. The G&T provides electric power and services to 18 member distribution cooperatives in central and southern Indiana and southeastern Illinois. We are a community-focused organization that works to efficiently deliver affordable, reliable and safe energy. Collectively, our 18 members serve more than 760,000 consumers. Hoosier Energy is an equal opportunity provider and employer.
For more information, visit www.hoosierenergy.com.
Connor, Clark & Lunn Infrastructure
Connor, Clark & Lunn Infrastructure announces investment in Landmark Student Transportation
January 20, 2022
CC&L Infrastructure today announced the acquisition of a majority interest in Landmark Student Transportation (Landmark or the Company) – one of North America’s leading student transportation businesses.[...]
Connor, Clark & Lunn Infrastructure announces commencement of operations and closing of US$87 million debt financing for 200 MW Riverstart Solar Project
January 13, 2022
CC&L Infrastructure is pleased to announce the completion of construction at its 200 megawatt (MW) Riverstart solar project and the concurrent closing of a US$87 million bank financing with a consortium of North [...]