Springwater Solar (PJM-AF1-228) — Project Summary

Queue ID
PJM-AF1-228
Capacity
155 MW
Technology
Solar
Status
active
Location
Madison, OH
Region
PJM
Developer
IA Status
IA Executed

Springwater Solar

PJM-AF1-228BetaActiveSolarPJMLBNL + Live

155 MW generation in Madison, OH · In queue since September 2019 · Proposed COD August 2027

BA: PJMISO/RTO: PJMNERC: RFCRC: PJM

155 MW

Capacity

1

Components

Solar

6y 10m

In Queue

IA Executed

IA Phase

COD target: 2027

Interconnection

Total Duration

7y 11m

Construction75%
Queue EntrySep 27, 2019

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 12–24 months

Commercial Operation

Proposed COD: 2027-08-31

Cross-source intelligence
Beta
Low confidence·0 sources·as of 2026-06-01
Expected COD
2027-08-31
From queue filing
Developer
Status
Active
Active — IA Executed as of LBNL snapshot, no public updates on construction timeline or permitting progress
Financing
Unannounced
Key milestones
IA executedMost recent

Interconnection Agreement executed per LBNL queue status

About

Springwater Solar is a proposed 155 MW solar generation project located in Madison County, Ohio. The project is interconnected within the PJM Interconnection queue as entry PJM-AF1-228, with a queue entry date of September 27, 2019. The proposed commercial operation date is August 31, 2027, and the interconnection agreement has been executed.

The project is linked to the existing Springwater Solar, LLC operating plant (EIA ID 65900). The designated point of interconnection is Beatty-Greene 345 kV. Recent news coverage has discussed the development.

Generated from interconnection queue and public data sources

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

OH

County

Madison

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

Utility

AEP

Entity

PJM

Service Type

NRIS

Point of Interconnection

Beatty-Greene 345 kV

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
AEP-DAYTON HUB
Hub Confidence
LOW

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

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Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.