Indiana Michigan Power proposes 2GW+ of renewables under latest IRP, includes 60MW of battery storage

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
I&M said 85% of its energy in 2020 was carbon emissions-free. Image: I&M via Twitter.

Indiana Michigan Power (I&M) has submitted an Integrated Resource Plan (IRP) which includes the addition of more than 2GW of solar and wind by 2028 to the Indiana Utility Regulatory Commission (IURC).

A subsidiary of investor-owned utility American Electric Power (AEP), I&M’s Powering the Next Tomorrow plan will see it issue a Request for Proposals (RFP) in the “coming months” for roughly 500MW of solar and 800MW of wind, with half of those resources aiming to come online by 2025 and the remainder by 2026.

It said a “second RFP is planned for later” that will seek proposals for an additional 800MW of solar and 60MW of battery energy storage systems (BESS).

“Together, the new resources would more than quadruple I&M’s current solar and wind generation,” the company said in a statement.

It will also tender for 1GW of gas peaking units by 2028. The peaker units “are expected to be the most cost-effective, reliable source of additional power”, I&M said, adding they would only be used during peak demand periods. The company said 85% its energy in 2020 was carbon-emission free.

Under IURC rules, I&M is required to submit a 20-year plan to every three years. Powering the Next Tomorrow was developed during 2021 and “included five meetings with stakeholders representing a variety of interests,” I&M said.

Ohio-based AEP also is one of the US’ largest electricity producers with roughly 31GW of generating capacity, including more than 5.9GW of renewables. It plans to grow its renewable generation portfolio to approximately 50% of total capacity by 2030.  

Read Next

April 21, 2022
Michigan utility Consumers Energy and a coalition of customer groups have agreed on a plan that will see the company exit from coal by 2025 through deploying nearly 8GW of solar PV and 550MW of battery energy storage systems (BESS) by 2040.
April 20, 2022
Puerto Rico’s energy regulator PREB has released a draft Request for Proposals (RFP) for a minimum of 500MW of renewable power capacity and 250MW of storage in the Caribbean Island.
April 14, 2022
There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021 according to a Lawrence Berkeley National Laboratory (LBNL) analysis, which also showed that queues were growing year-on-year.
April 1, 2022
US residential solar installer SunPower is in late-stage discussions with US thin film manufacturer First Solar to develop the “world’s most advanced residential solar panel”, its CEO Peter Faricy revealed during an analyst day presentation that also set out the company’s new strategy.
March 31, 2022
Floating solar installations continue to grow globally, with Asia set to lead the way in the next decade, which presents significant opportunities for its combination with pumped hydro storage, according to a Fitch Solutions report.
March 17, 2022
US utility Indiana Michigan Power (I&M) has issued a request for proposals (RFP) for 500MW of solar as part of its new integrated resource plan that calls for the addition of more than 2GW of renewables by 2028.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 17, 2022
Lisbon, Portugal
Upcoming Webinars
May 17, 2022
4:00 PM (CEST) | About 30 minutes
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA