PETERSBURG, Ind. (Inside INdiana Business) — Officials in Pike County have approved a $128 million solar project expected to create hundreds of construction jobs. Capital Dynamics in Switzerland is partnering with Nebraska-based Tenaska to build a 150-megawatt solar field that covers 1,200 acres near Petersburg.
The Ratts 1 Solar Project is being developed by Capital Dynamics’ Clean Energy Infrastructure business. The developers plan to break ground on the project next summer.
Ashley Polen Willis, executive director of the Pike County Economic Development Corp., says the project creates a “tremendous opportunity” for the county.
“It is a $128 million investment that will continue to pay dividends to the people of our county,” said Willis. “Not only will it provide hundreds of construction jobs during these difficult economic times, but it also will pump nearly $1 million per year into our county GDP for the next 35 years. Over the life of this project, Pike County will gain approximately $28 million in revenue. This is a win-win for Pike County.”
In addition to the expected 350 construction jobs, the project will create four full-time maintenance positions.
The solar field is expected to have a 35-year project life. The developers say the project includes a decommissioning plan that will returns the land to its pre-construction use.
The solar field is expected to be operational in 2023.