Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTCenterPoint eyes 335 MW of solar PPAs in Indiana
The 52-MW MS Solar 3 plant in Lamar County, Mississippi. Source: Origis Energy
August 26 (Renewables Now) - US power utility CenterPoint Energy Inc (NYSE:CNP) is seeking approval to off-take 335 MW of solar power generation under two power purchase agreements (PPAs) in Indiana.
The company has filed a request for approval with the Indiana Utility Regulatory Commission (IURC), it said on Wednesday. Under the plan, CenterPoint’s subsidiary CenterPoint Energy Indiana South is willing to buy electricity from 185 MW of solar photovoltaic (PV) projects being developed by Pittsburgh-based Oriden in Vermillion County. The contracted period is planned to be 15 years.
Separately, the utility is seeking clearance to sign a 20-year PPA with Origis Energy for 150 MW of solar capacity from a project in Knox County.
Both solar parks are scheduled to go online by 2023, subject to necessary approvals. CenterPoint estimates that the contracted capacity will produce power that will be enough to supply over 70,000 homes or 12,000 commercial clients annually.
The two deals will support CenterPoint’s plan to diversify its power generation portfolio, said president and CEO Masahiro Ogiso. The company is awaiting IURC’s decision over a proposal to acquire a 300-MW solar project and buy power from an additional 100 MW of solar capacity in Indiana.
More stories to explore
Duke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CEST
US stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CEST
Savannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CEST
Celsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CEST
Agrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CESTShare this story
Tags
About the author
