That 1200 watts is only really covering a 6 by 6 foot square worth of growth area at about 35 watts a square foot at 200 lumens per watts. It could be slightly larger but only if you want most plants to grow extremely slow or be really weak, and you can go up to 50 watts per square foot before requiring supplemental CO2 but not all plants like that amount of light.
Converting that to 1 acre worth of coverage, which is what is about what is needed to feed a single human for one year, you are looking at about 1,500,000 watts running 12-18 hours per day. That is a ridiculous amount of energy. Even assuming you can get away with 1/3 of that area by super careful and efficient growth year round that is still a half million watts in lighting costs alone. Not to mention all the other work and costs.
I don't see indoor farms being good for anything other than extreme specialty plants or extremely fragile plants until we can pull essentially limitless energy out for far cheaper than we can get even with fossil fuels.