Hoosier Solar Holdings said last week that it is developing solar power facilities in economically distressed, rural communities across Indiana that have been designated as Qualified Opportunity Zones.
Several solar and battery storage projects that collectively have a potential capcity of more than 1,600 megawatts (1.6 GW) are currently in active development, said the company. Many of these projects are expected to be operational by 2023.
Indiana’s 156 Opportunity Zones, in 58 counties across the state, provide federal capital gains tax advantages to attract investments in economically distressed urban and rural communities.
