Arevon Energy and Meta Platforms have signed a long-term Environmental Attributes Purchase Agreement for Arevon’s 60 MW Heirloom Solar Project in Pike County, Indiana.
Arevon’s 60 MW Solar Project to Generate $86M for Pike County
Construction is underway on the 60 MW project, which Arevon will own and operate. The facility is set to be fully operational next year. Arevon’s initiatives in Pike County, including the Heirloom Solar Project and a neighboring solar facility, are projected to contribute over $86 million to local governments over their lifespans.
Construction on Arevon’s 60 MW Heirloom Solar Project in Pike County, a partnership supporting Meta’s goal of 100% renewable energy.
“Arevon is proud to once again partner with Meta and contribute to their sustainability goal of matching its operations with 100% renewable energy and reaching net zero emissions across its value chain. Pike County has been a welcoming host to the Heirloom Solar Project, and we are excited to be a part of the community for years to come,” says Kevin Smith, CEO at Arevon.
Heirloom Solar Project to Create Jobs in Pike County
The 60 MWac Heirloom Solar Project will create nearly 200 full-time equivalent jobs during its construction, with both the building phase and ongoing operations stimulating the local economy through increased spending at local businesses. Local landowners will receive consistent payments over the project’s lifespan, allowing them to diversify their income while continuing their farming activities in the area.
“We are pleased to work with Arevon again as we continue the important work of advancing the transition to clean energy. We look forward to the Heirloom Solar Project coming online and continuing our partnership,” said Urvi Parekh, Head of Renewable Energy at Meta.
Arevon Energy: A Leader in Renewable Energy
Arevon Energy Inc. is a leading renewable energy firm, providing clean, reliable, and cost-effective power to utilities and businesses driving the energy transition across the United States. Based in Scottsdale, Arizona, with a regional office in New York City, Arevon’s team of over 250 dedicated employees uses innovative methods and advanced technology to develop, build, finance, own, and operate renewable energy projects.
The company manages more than 4,000 megawatts (MW) of utility-scale solar, storage, and hybrid solar + storage projects, along with distributed generation assets, across 17 states. Arevon is also building over 2,000 MW of new capacity and has a substantial development pipeline of over 6 gigawatts.