Inovateus Solar Starts Indiana’s First Solar Power Plant of 16-MW

Inovateus Solar has commenced construction of Logansport, Indiana’s, first-ever solar power plant. Inovateus is developing the installation for Logansport Municipal Utility (LMU). Financed by a power purchase agreement (PPA), the solar installation will reduce LMU’s carbon emissions, help to stabilize energy costs for LMU’s customers, and also host a bee and butterfly habitat that will benefit agriculture in the surrounding area. The 80-acre 16-MWAC solar installation will power the equivalent of about 3,700 homes. With the support and vision of the City of Logansport, LMU and city staff, LMU’s first solar project marks a new milestone for the municipal utility. For over 120 years, the city has relied on an LMU coal-fired power plant that was recently retired. The 30-year PPA, financed by Alchemy Renewable Energy, allows LMU to purchase the clean solar generation at a fixed kilowatt-hour rate with no upfront capital costs. The contract also includes options for LMU to buy the solar energy system at a future date.