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 has begun on the 60 MW project which will be owned and operated by Arevon and 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 throughout their lifespans.
Construction begins on Arevon’s 60MW Heirloom Solar Project in Pike County, 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 construction while both the construction phase and ongoing operations will stimulate the local economy through increased spending at local businesses. Local landowners will receive consistent payments over the project's lifespan enabling 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 prominent renewable energy firm that provides 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 employs 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 in 17 states. Arevon is also building over 2,000 MW of new capacity and has a substantial development pipeline of over 6 gigawatts.