Hoosier Solar Holdings is developing 1,600 MW solar projects in deprived rural communities across Indiana that have been designated as Qualified Opportunity Zones.
Several solar and battery storage projects are currently in active development. Some of these projects are expected to be operational by 2023.
“Indiana has a unique opportunity to leverage solar and battery storage technology to deliver reliable, affordable power to the needs of residential and industrial customers,” said Paul Mitchell, CEO of Energy Systems Network, an Indianapolis-based partner of Hoosier Solar . “What is important is that we can attract investment capital to support development in economically disadvantaged rural communities designated as Opportunity Zones by Governor Eric Holcomb.”
Indiana’s 156 Opportunity Zones are located in 58 counties across the state and offer federal capital gains tax breaks to attract investment in economically disadvantaged urban and rural communities.
Hoosier Solar will help meet growing demand for renewable energy from Indiana’s municipal and regulated utilities, as well as Indiana’s unique access to wholesale energy buyers in the Midcontinent Independent System Operator and Mid-Atlantic regions through the regional liaison organization PJM.
Hoosier Solar selected South Bend’s Inovateus Solar as their EPC provider.
“As Intergenerational Hoosiers, we are excited to bring our in-depth Indiana experience to this exciting initiative,” said TJ Kanczuzewski, CEO of Inovateus Solar. “Hoosiers have strong ties to the country and we look forward to working with community leaders to promote rural economic development while delivering reliable energy at competitive prices.”
Hoosier Solar intends to employ an Indiana-based workforce comprised of state companies that use the manufacturing sector to source finished equipment and raw materials from Indiana suppliers. Hoosier Solar also plans to involve local school groups and universities to provide professional training and research opportunities for Indiana high school students.
“Indiana has remarkable solar energy resources,” said Carl Weatherley-White, CEO of Hoosier Solar and general manager of Advantage Capital. “With deep agricultural roots, Hoosiers want to preserve productive land for several generations, and solar projects offer farmers a long-term, stable income that is neither seasonal nor dependent on the weather or harvest price. In the time when the land is not actively cultivated, it can regenerate for future generations. “
Message from Hoosier Solar Holdings