Arevon Begins Operations at Ratts 1 and Heirloom Solar Projects in Pike County, Indiana

The company's first owned and operational utility-scale projects in the state represent an investment of $400 million and are generating lasting community benefits

SCOTTSDALE, Ariz. and PETERSBURG, Ind., Oct. 6, 2025 /PRNewswire/ -- Arevon Energy, Inc., a leading American energy developer, owner, and operator, is pleased to announce that operations are underway at its Ratts 1 and Heirloom Solar projects in Pike County, Indiana. Together, the projects add 264 megawatts (MWdc) of new domestic solar power to the grid and are the company's first owned and operational utility-scale projects in the Hoosier State.

Ratts 1 and Heirloom represent an investment of nearly $400 million and will disburse more than $86 million to local governments over their lifespans, supporting schools, infrastructure, and other essential public services. The two facilities employed more than 200 full-time equivalent personnel to build the projects and also brought about an increase in spending at local stores, hotels, and restaurants. Ratts 1 Solar is under a long-term power purchase agreement with Indiana Municipal Power Agency (IMPA), and Meta is the offtaker for Heirloom Solar.

Arevon hosted a ribbon-cutting ceremony to celebrate the start of operations at Ratts 1 and Heirloom, which are now producing homegrown, reliable energy and long-term community benefits. Attending the event alongside the Arevon team were public officials, community leaders, landowners, the construction contractor Primoris Renewable Energy, and other project stakeholders. Speaking at the ribbon-cutting were Kevin Smith, Chief Executive Officer at Arevon; Kyle Brouillette, Senior Vice President, Market Operations and Planning at IMPA; Jill Hyneman, Executive Director at Pike County Chamber of Commerce; and Aaron Meyer Principal at Winslow Elementary School. Nikki Jeffers, Director of Development at Arevon, served as the event's master of ceremonies.

"Ratts 1 and Heirloom are about more than megawatts — they are tangible illustrations of the positive and real impact renewable energy can bring to local communities," said Smith. "These facilities will produce American-made power for decades, while also supporting Pike County's economy and quality of life. Arevon is proud to be a long-term partner here, as we continue to invest in Indiana's future."

"The Ratts 1 project is a great addition to IMPA's power supply portfolio," said Brouillette. "This solar site helps us further diversify our resources, assisting in our mission to provide low-cost, reliable, and environmentally responsible power. We're glad to be a part of Arevon's project and celebrate this milestone in energy production."

"Our county's legacy in energy production is strong, and now we're building on that foundation," said Hyneman. "By welcoming solar investment, Pike County is showing that honoring our past and investing in our future can go hand-in-hand in strengthening our economy, our schools, and our community for generations to come."

As the long-term owner and operator of Ratts 1 and Heirloom Solar, Arevon is committed to prioritizing community giving throughout the lifecycle of its projects. Arevon's community giving approach is centered around the following pillars: development and support of education; alleviating food and housing insecurity; and increasing and supporting public health and safety. To date, Arevon has partnered with and supported the following local organizations and initiatives: the Pike County Affordable Housing Program, Jefferson Township Volunteer Fire Department, Elmer Buchta Technology Center, Pike County Chamber of Commerce, Pike County 4-H Fair, Pike County High School Career Fair, among others.

"Pike County is an energy community, and renewable energy sources are a piece of our diversified energy strategy. We are grateful for Arevon's investment in our area," said Ashley Willis, MPA, EDFP, Executive Director at the Pike County Economic Development Corporation. "Solar power is a wonderful asset for rural communities, like Pike County, to increase assessed value and has had a positive impact on our tax revenue for our taxing districts."

Arevon is actively growing its portfolio in the Midwest region of the United States. Besides Ratts 1 and Heirloom, the company is currently constructing the two-phase 430 MWdc Kelso Solar Project in Missouri. In addition, Arevon developed and managed construction of the 251 MWdc Gibson Solar Project in Indiana on behalf of Northern Indiana Public Service Company (NIPSCO) and the 228 MWdc Posey Solar Project in Indiana on behalf of Southern Indiana Gas and Electric Company while ensuring the projects were successfully integrated into each community. Arevon is also actively advancing development on other proposed renewable energy facilities in the region.

About Arevon Energy, Inc.
Arevon is a U.S. energy leader committed to powering America with affordable, reliable, and secure homegrown energy. Headquartered in Scottsdale, Arizona, and with a regional office in New York City, the company's experienced and dedicated staff develops, finances, builds, owns, and operates renewable energy projects nationwide. With a strong track record in utility-scale solar and energy storage, Arevon is a trusted partner to utilities and businesses seeking cost-effective, sustainable energy solutions. By prioritizing American manufacturing and domestic energy production, the company invests in U.S. jobs, strengthens local economies, and advances the country's energy independence.

Arevon owns and operates more than 5.5 gigawatts (GW) of solar and energy storage projects across 17 states, representing more than $10 billion in capital investment, and is constructing more than 850 megawatts of new capacity. The company also partnered with local utilities to develop and build 480 megawatts of solar energy, ensuring each project was successfully integrated into their communities. Within the last two years, Arevon has completed $4.5 billion in project financings and closed on a $600 million corporate revolver to fund continued company growth. With a 9 GW development portfolio and continued investment in new projects, Arevon is solidifying its role as a leader in powering an American energy future. For more information, visit www.arevonenergy.com.

SOURCE Arevon