Arevon Energy and NIPSCO break ground on $250 million solar farm (2024)

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Arevon Energy and NIPSCO recently broke ground on a new $250 million solar farm in Gibson County.

Scottsdale, Arizona-basedArevon Energy is building the 744 megawattGibson Solar Project, its fourth renewable energy project in Indiana. NIPSCO will own and operate the solar farm once it's complete.

“We are proud that our county was selected as the site for a project that will provide renewable energy to tens of thousands of homes in Indiana,” Gibson Economic Development President and CEO Tami Hack said. “Gibson Solar is a testament to our dedication to bolstering local businesses and bringing numerous employment opportunities to our region.”

The project is expected to create 250 construction jobs and result in $83 million in tax revenue.

“The Gibson Solar Project represents a significant investment in our state's future and its economy, highlighting Indiana's commitment to sustainable growth," U.S. Rep. Larry Bucshon said. "With an increasing number of renewable energy projects in development, I am excited for Hoosiers to continue to lead the way in providing a diverse array of reliable energy options.”

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The solar farm will have capacity to power about 30,000 homes in northern Indiana once complete.

“The path to this groundbreaking is marked by Gibson County and Arevon’s unwavering determination and steadfast collaboration that has spanned several years,” Gibson County Commissioner Nick Burns said. “The Gibson Solar Project is a demonstration of what we can achieve when we align our resources and ambitions for the common good.”

Merrillville-based NIPSCO commissioned the project as it pursues more renewable energy. It plans to phase out coal-generated electricity by 2028.

“We are pleased to partner with Arevon on Gibson Solar, and we are looking forward to the addition of more solar energy to our generation portfolio,” said Vince Parisi, NIPSCO president and chief operating officer. “The construction of Gibson Solar is a crucial step in advancing NIPSCO’s energy generation transition plan to provide sustainable, cost-effective, and reliable energy now and into the future.”

Arevon is building solar farms across the Midwest, including the192 MWdc Ratts 1 Solar Project and its 73 MWdc Heirloom Solar Project in Indiana. It owns and operates more than 4,000 megawatts of solar energy in 17 states across the country.

“The Gibson Solar Project is a key addition to Arevon’s portfolio, marking the fourth solar project we have under construction in Indiana,” Chief Commercial Officer Tommy Greer said. “We celebrate not only the start of construction at Gibson Solar but also the transition to clean energy as an opportunity to create jobs and drive economic expansion.”

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Arevon Energy and NIPSCO break ground on $250 million solar farm (2024)
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