I&M plans 16-MW solar project in Indiana, Michigan
Jul 9, 2014 - US electricity producer Indiana Michigan Power (I&M) said yesterday it intends to set foot into the solar power sector with a new 16-MW solar project located in its home state of Indiana as well as in Michigan.
The scheme will comprise five separate solar generation facilities that will be able to produce enough power to meet the annual electricity consumption of over 2,500 households, according to the press release. The company will use this pilot project to study the process of developing and operating a utility-scale solar plant, it added.
The project, worth some USD 38 million (EUR 28m), is yet to be approved by the Indiana Utility Regulatory Commission. Its construction is expected to start in early 2016 with completion seen later that year.
Fort Wayne-based I&M, a unit of US utility American Electric Power Co Inc (NYSE:AEP), runs 22 MW of hydroelectric power plants in Indiana and Michigan and also supplies to consumers 250 MW of purchased wind power. This is in addition to its main activities of operating coal-fired and nuclear plants.