Israel-based Doral Renewables Plans Stark-Pulaski County, Indiana, Solar Farm
Doral Group, which was the first company to energize a commercial solar farm in Israel more than 13 years ago, identified 13,000 acres in Northern Indiana for the project to bring 1.3 gigawatts of clean energy to the region. The company plans to invest $475 million in phase one of the project, which will produce 400 megawatts of clean energy and is expected to become operational by mid-2023.
“This project will be a model for solar energy in Indiana and the Midwest as a whole,” said Nick Cohen, CEO of Doral LLC, the US based partner of the Doral Group. “The 400 megawatts of energy produced here during the first phase of the project is enough to power 75,000 Midwestern households and will infuse millions of much-needed dollars into local Indiana communities. We are grateful for the support from Governor Holcomb and Starke County officials who have established Indiana and the county as one of the most competitive places to invest in renewable energy projects. Support from local landowners and community leaders was also instrumental in making this project happen, and we look forward to working with them for decades to come.”
The Indiana Economic Development Corporation (IEDC) is working with Doral Renewables LLC to finalize a committed investment in the form of incentive-based tax credits based on the company’s job creation targets. Starke and Pulaski Counties are also considering additional incentives.
“It’s an incredibly electrifying day for the state of Indiana as we celebrate Doral Renewables’ significant investment in the future of energy generation and the state of Indiana,” said Governor Eric J. Holcomb. “Knowing Indiana will continue to play a key role in the global energy sector while creating real change in our Hoosier communities is empowering. It’s encouraging to witness the power industry moving toward reliable, affordable and ever more clean renewable energy sources for generations of Hoosiers to come."
In addition to providing renewable energy, the project is projected to remove 40,000 tons of greenhouse gas emissions and conserve 1 billion gallons of irrigation well water annually. Phases two and three, expected to begin during 2022, will produce approximately 900 megawatts of clean energy upon completion and will draw additional investments of approximately $1 billion.
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