Kindle Energy Makes Major Right to Work Louisiana Investment

Kindle Energy plans to soon make a $750 million investment in Right to Work Iberville Parish, Louisiana. This will go toward building a 700-megawatt electric generation plant. As a result, they will also create 25 new jobs. So this is exciting news for the area’s economy!

From Area Development Magazine:

“Kindle Energy is excited to bring the Magnolia Power Generating Station to Louisiana to serve the 1803 Electric Cooperative and deliver clean, efficient power across the state. […] Magnolia Power represents substantial progress toward the cleaner, more efficient energy mix of the future, and supports Gov. Edwards’ goals to reduce Louisiana’s carbon footprint by 2050.†[…]

“This investment by Kindle Energy is a win for job creation, emissions reduction and rural resilience. […] Magnolia Power will increase the affordability and sustainability of electricity to some of the state’s most rural communities. It also will modernize the state’s public utility infrastructure by employing gas turbine technology that uses natural gas and carbon-free hydrogen rather than carbon-intensive coal as its fuel source.†[…]

“We applaud Kindle Energy for their decision to invest in Iberville Parish in Louisiana’s Capital Region. […] Kindle Energy’s investment adds to our quickly growing new energy sector, which has seen over $25 billion in announced or proposed projects since 2020. This is a big win for Iberville Parish to secure this $750 million capital investment.â€

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.