Inovateus Solar and participated in the development of a 43-acre ground-based solar array project sited on an existing Superfund Site with previous ground contamination. The Maywood Solar farm is located near Vertellus Specialties headquartered in Indianapolis, Indiana and was supported by Indianapolis Power & Light’s (IPL) Rate Renewable Energy Production (REP) Program. The 10.82 MW project is part of a renewal energy production program administered by the Indianapolis Power and Light Company (IPL).
The Maywood land is a Superfund project site that was remediated in 1992 under the supervision of the United States Environmental Protection Agency EPA) and Indiana Department of Environmental Management (IDEM), and is now in a monitoring-only status. The solar array was constructed by Hanwha Q CELLS USA along with the EPA, IDEM, IPL, and Vertellus Specialties Incorporated.
“We were excited to start the development of this project with Vertellus Specialties, and hand it over to Hanwha Q CELLS for completion,” said Inovateus Solar President T.J. Kanczuzewski. “This is another example of how public utilities and private companies can work together to achieve the goal of introducing more renewable energy in the state of Indiana. Our company is looking forward to making other announcements on projects built in the IPL Rate REP program soon.”
Under the voluntary feed-in tariff program, IPL will pay Hanwha Q CELLS 20 cents per kW hour for the project. A total of 100 MW of renewable energy projects are allowed under the IPL Rate REP program, of which Inovateus is involved with approximately 24 MW of qualified solar energy generation through the Maywood Solar Farm and other projects.