Capital Dynamics Signs of a Long-Term 150MW Solar Energy Power Purchase Agreement (PPA) with Hoosier Energy

Capital Dynamics CEI, the Clean Energy Infrastructure (CEI) business line of Capital Dynamics, a free worldwide private resource the board firm, and Hoosier Energy, an age and transmission helpful, today announced the marking of a drawn out Power Purchase Agreement (PPA).

Under the conditions of the PPA, Hoosier Energy will buy 150-megawatts (MW) of the force created by the Ratts 2 Solar Project, a CEI-claimed greenfield solar task that is as of now being created in Knox County, Indiana. Arevon Energy Management and Tenaska are co-building up this task and were instrumental in getting and arranging the provisions of the PPA. Development is relied upon to start in 2022 with business activity foreseen in 2023.

"Hoosier Energy's PPA with Capital Dynamics is an important step toward achieving our long-range plan of adding diverse projects to our energy portfolio that focus on lowering costs for our members and reducing our carbon footprint," said Hoosier Energy President and CEO Donna Walker.

"We are extremely pleased that Knox County has been so supportive of the Ratts 2 Solar Project and are grateful for their partnership," said Martin Hahn, CEO of Capital Dynamics. "This project will bring jobs, tax revenue, landowner lease payments and a wide range of additional economic benefits to Knox County. We are looking forward to working with the county and the teams at Arevon Energy Management and Tenaska to bring affordable, clean energy to this community."

"Arevon Energy Management was pleased to play an instrumental role in structuring this agreement so that Hoosier Energy can benefit from cost savings and achieve its carbon emissions reduction goal," said Tiago Sabino Dias, President and CEO of Arevon Energy Management. "Hoosier Energy has been a long-time partner and we applaud their efforts to improve their generation mix that will offer energy savings and reliability to their members."

"It's gratifying to see utilities like Hoosier Energy realize the environmental and cost benefits of renewables and take swift action to add more renewables to their generation mix," said Steve Johnson, senior vice president in Tenaska's Strategic Development & Acquisitions Group. "The Tenaska Solar Ventures team looks forward to working with Capital Dynamics to complete development and bring this project to fruition."

The Knox County Council collectively affirmed the financial improvement arrangement for the Ratts 2 Solar Project In October 2020. The area likewise settled a solar mandate to direct certain specialized parts of the venture. Under the arrangement, the task will pay $2.5 million in financial improvement installments to Knox County over a six-year time span.

Ratts 2 is required to contribute an expected $16 million in expense income over the task life. As indicated by a financial examination led by Gnarly Tree Sustainability Institute, the Ratts 2 Solar Project is assessed to contribute $20.9 million to the Knox County Gross Domestic Product (GDP) during development and $941,000 yearly once the solar venture is operational. It will bring 188 full-time development occupations, all day tasks and upkeep work, and yearly uses on merchandise in overabundance of $363,000 over the venture's normal 35-year life expectancy. The venture will likewise pay an expected $1 million rent installments every year to neighborhood landowners.

About Capital Dynamics

Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit and clean energy infrastructure. Capital Dynamics' Clean Energy Infrastructure is one of the largest renewable energy investment managers in the world with USD 6.6 billion AUM1 and has one of the longest track records in the industry. The CEI strategy was established to capture attractive investment opportunities in the largest and fastest-growing sector of global infrastructure – proven renewable energy technologies, primarily in North America and Europe, across solar, onshore wind, energy storage and related infrastructure with a focus on both utility-scale and distributed generation technologies. The CEI platform's fully-integrated asset management affiliate provides highly-specialized services to ensure optimal performance and value from projects.