Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of US utility NiSource Inc (NYSE:NI), has concluded off-take deals with NextEra Energy Resources LLC involving around 300 MW of solar capacity in Indiana.
NIPSCO and units of NextEra Energy Resources, which is in turn part of NextEra Energy Inc (NYSE:NEE), have signed two 20-year purchase power agreements (PPAs). They will see NIPSCO get the electricity from two photovoltaic (PV) parks that will be installed in central Indiana, the energy provider said on Friday.
The new solar plants, namely the 200-MW Brickyard Solar and 100-MW Greensboro Solar, are planned to go live by the middle of 2023. The particular projects were selected in a Request for Proposals (RFPs) that NIPSCO held at the end of 2019. The Greensboro solar farm will have 30 MW of integrated battery storage capacity.
The off-take deals are part of NIPSCO’s strategy to deliver “more affordable, reliable and sustainable energy mix” and support the utility’s ambition to become coal-free by 2028. This goal will be achieved by adding more wind, solar and battery storage capacity to the company’s portfolio, it said, adding that more renewable projects will be announced later this year.
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