Arevon is proud to be building the Southern Magnolia Project, located in Scott County, Missouri.
Here is a snapshot of the project:
Size
349 megawatt AC
Location
Scott County, Missouri. The power will be transmitted to the Southern Magnolia-Miner 161kV Line (Ameren).
Land Area
According to the independent study based on 349 MW, the project will have a footprint of approximately 2,500 acres of land to locate solar panel arrays, an operations and maintenance building, inverters, and access roads.
Investment
$448 million local estimated investment based off of 349 MW.
Power Generation
349 MW generates enough solar energy to power the average electricity consumption of approximately 66,000 Missouri homes each year.
Land Area
Once constructed, the project has a 35-year useful life. After this time, it will be decommissioned in accordance with a decommissioning plan and bond.
Economic Development Study
An independent study conducted in September 2023 by Strategic Economic Research, LLC and authored by Dr. David G. Loomis a Professor of Economics at Illinois State University, estimates that based on 349 MW, the Southern Magnolia Project would bring broad economic benefits to Scott County, including:
Construction Jobs
During construction, the project will create up to 440 jobs.
Operations Jobs
Full-time employment for workers overseeing operations and maintenance for the expected 35-year project life.
Taxes
Property taxes in excess of $34.8 million in total. $27.9 million to school districts.
Gross Domestic Product
A contribution of $63.2 million to Scott County’s GDP during construction with another $3.3 million per year during operations.
Benefits
Community Benefits
- Generates property and sales tax revenue for schools, first responders and other local needs
- Compensates landowners for land use providing stable income source for over 35 years
- Contracts with local businesses and services
- Does not place heavy burden on government-supported services like schools and roads
- Results in secondary economic activity for local restaurants, hotels and other retail and wholesale businesses
Power Benefits
- Does not need external fuel inputs, reducing transportation risks and increasing reliability
- Will help Missouri meet its power needs
Environmental Benefits
- Produces zero-emissions power that does not contribute to local pollution or global climate change
- Generates power with no noise or smell
- Will help Missouri meet its clean energy and climate goals