Capital Dynamics secures 100-MW PPA for Indiana solar project

The California Flats solar park. Photo Credit: Hearst

February 3 (Renewables Now) - The Clean Energy Infrastructure (CEI) business of private asset manager Capital Dynamics has signed a long-term power purchase agreement (PPA) for a solar project it owns in Indiana.

The off-taker under the contract is not-for-profit wholesale power provider The Indiana Municipal Power Agency (IMPA), which will purchase 100 MW of the electricity produced by the plant.

The agreement was signed in coordination with Nebraska-based energy company Tenaska, which sold the project in question to Capital Dynamics in November 2018 alongside 13 other schemes.

"Tenaska was a crucial partner in finalizing the agreement and brought significant expertise through all elements of development phase,” said Benoit Allehaut, managing director on Capital Dynamics' Clean Energy Infrastructure team.

Capital Dynamics did not give a lot of details about the project, apart from the fact that it is still in the development stage and will be executed on about 1,200 acres in the southern part of the state. Building works are seen to be completed in the second half of 2022.

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