Holland & Hart represented Hoosier Energy Rural Electric Cooperative, Inc. in its Power Purchase Agreement (PPA) with Clēnera’s affiliate, Rustic Hills Solar LLC. The Rustic Hills Solar PPA has a 20-year contract term and is Hoosier Energy’s first PPA with Clēnera, a developer of large-scale solar and storage projects, and a subsidiary of Enlight Renewable Energy LTD. Hoosier Energy, a not-for-profit generation and transmission cooperative, provides electric power and services to 18 not-for-profit electric distribution cooperative owners throughout central and southern Indiana and southeastern Illinois.
Rustic Hills Solar will occupy approximately 640 acres of private land in Warrick County, Indiana. It is estimated that the project will be commercially operational by the end of 2023. The Rustic Hills Solar facility is anticipated to deliver 120 MWDC of reliable, affordable, clean energy to Hoosier Energy’s members, generating enough power to meet the needs of 17,000+ homes.
For more information please see Hoosier Energy’s press release.
Partner Stephanie Edinger led the Hoosier Energy electric power deal team. The electric power team leverages decades of power industry experience to help clients seize opportunities to produce, develop, generate, and move electric power in the renewable and conventional power industries.