Northern Indiana Public Service Company (NIPSCO) signs Power Purchase Agreement (PPA) to offtake electricity from a local solar farm owned by asset management firm Capital Dynamics.
Indiana’s solar capacity is set to surge in the next three years as the state’s second-biggest utility unveils plans to develop three large-scale projects.
US utility CenterPoint Energy is seeking up to 1GW of solar, and solar-plus-storage hybrids, to meet electricity demand in southwestern Indiana as it retires coal-fired plants.
Vectren, owner of utility firms in the US states of Indiana and Ohio, has unveiled plans to ditch more than 700MW of coal generation and partly replace it with up to 1GW of solar PV.
Capital Dynamics’ Clean Energy Infrastructure (CEI) business has signed off on a long-term PPA with Indiana Municipal Power Agency (IMPA) in coordination with Tenaska. Per the terms of the PPA, IMPA will purchase 100MW of the power generated by a greenfield PV project in Indiana that is owned by Capital Dynamics.
Duke Energy has awarded US$400,000 in solar grants for 16 not-for-profit organisations in Indiana that will help finance the installation of PV systems.
The financial benefit currently available to solar users will be sharply curtailed over the next few years, after Indiana governor Eric Holcomb signed SEA 309 into law yesterday.
