EDPR completes sale of majority stakes in 200 MW Riverstart solar project in Indiana

EDP Renovaveis SA has completed the sale of an 80% interest in the 200 MWac Riverstart solar photovoltaic project located in the state of Indiana to Canadian investment firm Connor Clark & Lunn Infrastructure.

The Riverstart solar farm is currently under development with target commissioning by the end of 2021. Once operational, the project will sell the energy produced from the plant under a 20-year power purchase agreement (PPA) to Indiana-based electric cooperative Hoosier Energy. 

The project represents a total enterprise value of US$305 million.