IMPA Cuts Ribbon on Anderson Solar Park

Posted: Updated:
(photo courtesy IMPA) (photo courtesy IMPA)
ANDERSON -

The Indiana Municipal Power Agency has cut the ribbon on its largest solar facility in Indiana. The five-megawatt Anderson 1 Solar Park consists of nearly 20,000 solar panels and has the ability to power more than 500 homes.

IMPA officials cut the ribbon on the 35-acre solar park alongside Anderson Mayor Tom Broderick and other city representatives, Anderson Municipal Light and Power Electric Utility Director Tony Pochard and children from local schools. 

"We are thrilled to be part of this innovative effort," said Broderick. "Through the development of this solar park, we have not only increased diversity in generation resources, but have bolstered economic development for our City, brought in additional property taxes for our community, and provided an educational opportunity for residents and visitors alike to learn more about renewable energy."

The IMPA says it sold the park earlier this year to Indiana Solar Holding LLC, which the utility says led to a 15 percent reduction in total costs and will generate higher property taxes paid to the city. The IMPA will purchase 100 percent of the park's output for up to 25 years and will have the option to purchase the park back in five and a half years.

The solar park is the IMPA's thirteenth facility in Indiana. A second solar park in Anderson is currently under construction and the IMPA says it will be able to produce more than eight megawatts of energy when it comes online, which is expected to happen later this year.

  • Perspectives

    • Market Volatility - Fodder for Financial Fears

      Fact: The value of the stock market goes up and down.  It’s called “market volatility”.  How concerned should you be with a thousand point change in the index? Since your reaction can impact your personal portfolio, it’s most important that you have a good perspective. Significant price movements in the stock market grabbed headlines and captivated media pundits throughout 2018. The last week of the year the market experienced large price swings...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Loeb Stadium Project in Final Design Phase

      The $17 million overhaul of Loeb Stadium in Lafayette is in its final planning stages. The Journal & Courier says the overall design of the project is complete, which includes flipping the field, an additional suite and a new entrance designed to be a more visible landmark. Lafayette Mayor Tony Roswarski unveiled plans for the reimagining of the more than 75-year-old stadium in 2017. The city council earlier this month approved a $17 million bond to fund the project.

    • Hotel, Mattress Company to Launch Collaboration

      Jeffersonville-based Bowles Mattress Co. and West Baden Springs Hotel in Orange County will Monday officially launch their new mattress series. The partnership, first announced last month, will make the mattresses that had previously only been made for the resort available to the public.

    • Eleven Fifty Says State Support Will Bring '100x Return'

      As Eleven Fifty Academy looks to expand statewide, founder Scott Jones is looking to state legislators for support. He says Next Level Jobs legislation two years ago allowed the coding academy to access about $1.5 million to grow its programs, which he says will result in $150 million in Hoosier income over 10 years. Jones is now looking for up to $20 million, which he says could lead to $1.5 billion in Hoosier income over a decade. During an interview on Inside INdiana Business...

    • Silberline Closing Decatur Facility

      Pennsylvania-based Silberline Manufacturing Co. is detailing plans to close its facility in Adams County. In a notice to the state, the company says the closure will result in the layoffs of 50 employees.

    • Two Indiana Banks on Forbes Best List

      Forbes has ranked the best banks in the country and Indiana has placed two on the list. First Merchants Bank finished 2nd, and Old National Bancorp came in at 97. The metrics used by the publication include tangible common equity, return on average assets, net interest margin,  efficiency ratio and net charge-offs as a percentage of total loans.