(photo courtesy of Indiana American Water)
Greenwood-based Indiana American Water Company and Gary officials have cut the ribbon on a solar array that will power the utility’s northwest Indiana distribution center in the city. The company, a subsidiary of American Water Co. (NYSE: AWK), says the $600,000 solar project will provide enough power to meet the energy needs of the facility.
“This new solar array will generate nearly 300,000 kilowatt hours of electricity annually and produce approximately $1 million in savings over the next 25 years,” said Indiana American Water President Matt Prine. “This project not only benefits the environment, but in the long run also benefits our customers by reducing our operating costs and keeping water rates more affordable.”
This is Indiana American Water’s second solar project in the state. It also placed a solar…