Tango Holdings, LLC (Tango)—a joint venture between Savion Equity, LLC (a subsidiary of Shell plc) and a fund managed by the Ares Infrastructure Opportunities strategy (Ares)—has commenced commercial operations at two new solar projects in Indiana and Ohio, delivering a combined 200 megawatts (MW) of capacity to the U.S. grid.
Elkhart County Solar Project (Indiana): Construction began in August 2024 on a 100 MW facility, which spans 850 acres and includes approximately 245,000 modules on single-axis trackers. The site is projected to generate enough electricity to power the equivalent of approximately 20,000 Indiana homes annually for the next 40 years. Indiana Michigan Power (I&M), an American Electric Power (AEP) company, has secured a Power Purchase Agreement (PPA) for the facility’s full output.
Marion County Solar Project (Ohio): The 100 MW facility commenced construction in November 2024 and comprises 245,000 modules on single-axis trackers across 750 acres. Designed for an operational lifespan of 40 years, the project is projected to generate enough electricity to power the equivalent of approximately 20,800 Ohio homes each year. A long-term Virtual Power Purchase Agreement (VPPA) has been executed with a Fortune 100 technology company for offtake of the facility’s full 100 MW of solar energy generation.
These sites represent two of five solar assets totaling 496 MW announced as part of the July 2025 joint venture. Four projects have now reached commercial operation, and the fifth project is currently under construction. Savion developed the projects and will serve as a project-managing JV member, with Shell Renewable Asset Management International overseeing ongoing asset management.
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