City of Evansville, Vectren Partner For First Universal Solar Project Bringing Renewable Energy To Residents

City of Evansville, Vectren Partner For First Universal Solar Project Bringing Renewable Energy To Residents

City of Evansville, Vectren partner for first universal solar project bringing renewable energy to residents

Evansville, Ind. – Today the City of Evansville (City) announced a joint partnership with Vectren Energy Delivery (Vectren), to construct a two megawatt (MW) solar array on property owned by the City. The $5.5 million dollar project will be located near Oak Hill Cemetery on East Morgan Ave., just east of U.S. 41.

“This is a very exciting time for the City of Evansville and its residents who will benefit from universal solar energy for the first time in the city’s history,” said Evansville Mayor Lloyd Winnecke. “Partnering with Vectren is allowing both entities to respond positively to the public’s interest in local solar energy production, and we are thrilled to host the solar array within our city limits.”

Vectren will own and operate the solar project to be constructed on approximately 15 acres of land the energy company will lease from the City. Assuming the project receives necessary approval from the Indiana Utility Regulatory Commission (IURC), the project should be operational in 2018.

“Embarking on this partnership is among Vectren’s first steps toward diversifying our electric generation portfolio,” said Carl Chapman, Vectren’s chairman, president and CEO. “We are grateful for the opportunity to join the City of Evansville in bringing universal solar energy to our customers.”

This solar farm will consist of approximately 8,000 ground-mounted fixed-tilt solar panels. The facility will be interconnected to Vectren’s electric distribution system, which powers about 144,000 residential electric customers in Southwest Indiana. This is one of two universal solar projects the utility currently has before the IURC for approval. Vectren South estimates that each 2 MW solar project will generate enough power to supply approximately 300 homes each year.

About Vectren
Vectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind.  Vectren’s energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio, primarily in the west-central area. Vectren’s nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services and energy services. To learn more about Vectren, visit www.vectren.com<http://www.vectren.com>.