CenterPoint Energy seeks nod to buy 130-MW solar project from Invenergy

Texas-based investor-owned electric and gas utility CenterPoint Energy Inc (NYSE:CNP) is seeking approval from the Indiana regulators to acquire a 130-MW solar park project from Chicago-based Invenergy LLC.

CenterPoint’s Indiana-based electric and natural gas business has filed its request with the Indiana Utility Regulatory Commission (IURC), the parent company said on Friday.

CenterPoint Energy Indiana South has sealed a deal with Invenergy that calls for the utility company to take ownership of the Pike County photovoltaic (PV) farm after it goes online. Construction works on the project are slated to begin following IURC’s decision, expected to be issued early in 2023. The solar farm is scheduled to go online in 2025.

Invenergy will take care of installing the capacity in Indiana’s Pike County.

The proposed acquisition, the value of which was not disclosed, is planned to support CenetrPoint’s long-term electric generation transition plan. The utility said it was previously cleared to build a 200-MW solar park in Indiana and sign power purchase agreements (PPAs) to procure electricity from 400 MW of capacity in the state’s Warrick, Vermillion and Knox Counties.

CenterPoint Energy serves 150,000 customers in southwest Indiana.

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