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Hallador, Hoosier Co-op to develop renewables near closing Ind. plant

June 04, 2021

S&P Global Market Intelligence ($):

Coal producer Hallador Energy Co. said June 1 that it will work with Hoosier Energy Rural Electric Cooperative Inc. to develop up to 1,000 MW of renewable resources near the Merom Generating Station in Indiana, which is scheduled for retirement by May 2023.

Hallador’s Oaktown Fuels Mine No. 1 in Knox County, Ind., operated through Sunrise Coal LLC, is the plant’s smaller of two sources of coal, according to S&P Global Market Intelligence data.

Under the partnership, Hallador will develop about 200 MW from solar and battery storage through power purchase agreements with Hoosier Energy in 2025. It will then seek other customers to develop the remaining capacity. The Merom site is connected to major high-voltage transmission lines.

Hoosier Energy President and CEO Donna Walker said the partnership will help both companies transition to a greener future. The cooperative, which supplies power to 18 member distribution cooperatives in southern Indiana and southeastern Illinois, has made a voluntary commitment to sourcing 10% of its energy from renewable resources by 2025.

[Reicelene Joy Ignacio]

More: Ind. Utility, coal supplier to develop renewables at site of retiring coal plant

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