Hoosier Solar

What Hoosier Solar does

Hoosier Solar is a private utility-scale solar photovoltaic (PV) developer headquartered in Knox, Indiana, founded in 2021. The company develops, constructs, and operates large solar farms on leased farmland in rural Indiana counties, with a stated pipeline exceeding 1,600 MW across multiple jurisdictions. Its flagship assets are the North Bend (200 MW on 1,212 acres) and Starke Central (210 MW on 1,085 acres) projects in Starke County, representing 410 MW of combined capacity capable of powering an estimated 53,000 homes and backed by a $600 million capital investment with a stated $773 million total economic impact to the host county.

The company's technology stack centers on utility-scale PV systems using monocrystalline silicon panels with bifacial sun tracking configurations and integrated battery storage. Hoosier Solar differentiates through agrivoltaics—co-locating agricultural activity within and around solar installations—and a pollinator habitat program built around Purdue University's Indiana Solar Site Pollinator Habitat Planning Scorecard. Complementary offerings include solar farm maintenance, decommissioning with third-party financial assurance, and a land-restoration commitment that returns leased acreage to farming in improved soil condition at lease end.

Hoosier Solar's business model is B2B and field-sales driven, combining direct landowner engagement for 30-year land lease agreements at $850–$1,214 per acre annually—2.2x to 3.2x above Indiana's average farm cash rent of $562—with parallel negotiations with county governments for Economic Development Agreements that channel additional tax revenue and economic development payments back to host counties (over $1 million annually to Starke County). Revenue is generated from energy sales under managed-services economics and from transactional tax and economic development fee streams, while most raw and finished materials are sourced from Indiana providers to localize economic impact.

Name

Hoosier Solar

Legal name

Hoosier Solar

Website

https://hoosiersolar.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Hoosier Solar is a private Indiana-based utility-scale solar farm developer that leases rural farmland for photovoltaic installations, serving landowners with above-market lease rates and Indiana counties with tax revenues. Founded in 2021, its pipeline exceeds 1,600 MW.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Farm Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Solar farm development
• Utility-scale photovoltaics
• Agrivoltaics solutions
• Renewable energy projects
• Land lease solar

Headquarters

HQ city

South Bend

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Solar Farm Development and Operation: Hoosier Solar develops large-scale solar farms on leased farmland, generating revenue through energy generation sales. Landowners receive guaranteed competitive annual compensation for land lease agreements lasting typically 30 years.
2. Tax and Economic Development Payments: Through approved Economic Development Agreements (EDA), solar farms bring additional economic benefits to counties including tax revenues and economic development payments that support county infrastructure.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Hoosier Solar is a utility-scale solar farm developer that leases rural Indiana farmland from landowners to build and operate photovoltaic power generation facilities. The company develops, owns, and operates large-scale solar projects (such as the 410 MW North Bend and Starke Central projects in Starke County) and supplements development with agrivoltaics, pollinator habitat, land restoration, and solar farm maintenance/decommissioning services. Revenue is generated through energy production sales, 30-year land lease payments to landowners, and tax/economic development payments to host counties.

Product overview

Hoosier Solar is a utility-scale solar farm developer offering integrated solar energy development services. The core offerings include the North Bend Solar Project (1,212 acres, 200 MW) and Starke Central Solar Project (1,085 acres, 210 MW) in Starke County, Indiana, which together provide 410 MW of combined capacity. These are supplemented by agrivoltaics, pollinator habitat programs, land restoration services, and comprehensive solar farm maintenance and decommissioning services. The company focuses on responsible development that preserves farmland, supports local communities, and returns land to agricultural use at project end.

Differentiator

Problem solved

Functional benefit

Products and services

• North Bend Solar Project Utility-scale solar farm project spanning 1,212 acres in Starke County, Indiana, generating 200 MW of power.
• Starke Central Solar Project Utility-scale solar farm project spanning 1,085 acres in Starke County, Indiana, generating 210 MW of power.
• Agrivoltaics Program Agrivoltaics initiative that enables co-located farming and solar energy generation, allowing farmers to cultivate land within and surrounding solar installations to maximize yield and profitability.
• Pollinator Habitat Program Program adhering to Purdue University's Indiana Solar Site Pollinator Habitat Planning Scorecard, planting pollinators that support crop yields, reduce soil erosion, restore organic matter, and improve soil health.
• Land Restoration Services Post-project land restoration services that remove solar panels and return land to farming with improved drainage and fertile soil at end of the lease agreement.
• Solar Farm Maintenance Ongoing maintenance services including panel cleaning, inspections, testing, support structure maintenance, monitoring, and warranty management for utility-scale solar farms.
• Solar Farm Decommissioning End-of-life decommissioning services that safely remove solar equipment, recycle materials, and restore land to original agricultural condition with third-party financial assurance.

Quantifiable outcome

• Solar leases generate 2-3x economic value for landowners compared to farming
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OneEnergy Renewables: Indiana-headquartered utility-scale solar developer with a community-focused, mid-continent operating model that closely mirrors Holman Solar's approach. Direct geographic overlap in Northwest Indiana and similar scale (hundreds of MW of pipeline) make it the most analogous independent peer.
• Cypress Creek Renewables: Major US utility-scale solar and storage developer where Holman Solar CEO Steven Lichtin served as VP of Development. At least five other Holman executives (Thomas McNailen, Chelsea Woodfin, Parker Sloan, Ginny Plumeau, Aaron Steely) joined from Cypress Creek, making it the most directly comparable peer in scale, geography, and operating playbook.
• Pine Gate Renewables: US utility-scale solar developer focused on development, construction, and operation of solar projects, with a similarly landowner-lease-driven model. Comparable in scale and project lifecycle stage to Holman Solar.
• 174 Power Global: Utility-scale solar project developer (Hanwha subsidiary) that develops, builds, owns, and operates solar projects across the US, including in MISO territory. Directly comparable in project lifecycle, scale, and target customer (utility/commercial offtakers).
• Apex Clean Energy: US utility-scale wind and solar developer focused on origination, development, construction, and operation of renewable energy projects, with comparable mid-continent project mix and landowner-lease model used by Holman Solar.

Broad incumbents

• ENGIE North America: Global energy major with significant utility-scale renewable development in North America, including solar projects that follow developer-led landowner engagement models comparable to Holman Solar.
• Invenergy: One of the largest privately-held US renewable energy developers and operators, with a broad portfolio of utility-scale wind, solar, and storage projects plus similar landowner-lease development model. Sets the competitive benchmark that Holman Solar must compete against for land and PPAs.
• LightSource bp: Global utility-scale solar development specialist (BP-backed) with active North American pipeline across multiple ISOs. Competes directly with Holman Solar for utility-scale solar development opportunities.
• NextEra Energy Resources: Largest US renewable energy developer and operator, with the deepest balance sheet and most developed offtake relationships in the industry. Defines the upper bound on competitor capability in MISO and other Holman Solar geographies.
• EDF Renewables: Major global utility-scale solar and wind developer with a substantial US development pipeline, including in MISO and PJM territories. Operates similarly community-engaged siting approaches in rural counties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HoosierSolar
• LinkedInlinkedin.com/company/hoosier-solar

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hoosier Solar