NIPSCO Announces New Ind.-Based Solar Projects
October 21, 2020 at 10:04 p.m.
By Staff Report-
NIPSCO has finalized three build transfer agreements with subsidiaries of NextEra Energy Resources LLC, the world’s largest generator of renewable energy from the wind and the sun and a leader in energy storage, according to a news release from NIPSCO. The solar projects are expected to begin construction in 2022 and expected to be operational in 2022 and 2023.
NextEra Energy Resources will construct the projects and NIPSCO will enter into joint ventures to own, and operate and maintain some facets of these assets once construction is complete.
“The addition of these three solar projects and associated battery storage is an investment in the future of Indiana and the future of NIPSCO, as we deliver on our promise of bringing safe, reliable and affordable energy to our customers,” said Mike Hooper, NIPSCO president. “Renewable technology continues to advance, and we are proud to be working with NextEra Energy Resources on the Dunns Bridge and Cavalry solar projects as we continue to implement our ‘Your Energy, Your Future’ plan.”
The investment in this new generation will bring economic benefits to the state of Indiana including both construction and long-term operating and maintenance jobs, along with enhancing the county tax base.
“Jasper County is pleased to continue our long-term relationship with NIPSCO with the development of the Dunn’s Bridge Solar Project,” said Kendell Culp, Jasper County commissioner. “As the county continues to search for additional economic development projects in light of the coming retirement of the Schahfer Generating Station, we look forward to this new opportunity to bring stability to our county’s tax base.”
The Indiana-based Dunns Bridge I, Dunns Bridge II and Cavalry solar projects were selected through a Request for Proposal (RFP) solicitation that NIPSCO ran as part of its “Your Energy, Your Future” generation transition, which was announced in its 2018 Integrated Resource Plan (IRP).
Adding these three solar projects is the next step in bringing NIPSCO’s customer-centric “Your Energy, Your Future” plan to life. The company plans to be coal-free by 2028 adding a combination of cleaner energy sources to its existing portfolio, which includes natural gas and hydroelectric generation, the release states. This generation transition helps deliver a more affordable, reliable and sustainable energy mix for NIPSCO customers for years to come – saving customers $4 billion over the long term.
Five renewable projects have previously been announced by NIPSCO, which include a combination of similar joint venture agreements and purchased power agreements. Two of the wind projects are near completion, including the Jordan Creek Wind Energy Center, a subsidiary of NextEra Energy Resources. NIPSCO will purchase the power directly from Jordan Creek Wind.
The three latest NIPSCO projects were selected following a comprehensive review of bids submitted through the all source RFP process that NIPSCO underwent in late 2019 – which continues to affirm the conclusions of the 2018 NIPSCO IRP, that wind and solar resources were shown to be lower cost options for customers compared to other energy resource options.
NIPSCO will request the addition of these new projects to its supply portfolio in filings with the Indiana Utility Regulatory Commission (IURC).
NIPSCO expects to announce additional renewable projects later this year. Learn about NIPSCO’s “Your Energy, Your Future” plans and the latest information at NIPSCO.com/future.
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NIPSCO has finalized three build transfer agreements with subsidiaries of NextEra Energy Resources LLC, the world’s largest generator of renewable energy from the wind and the sun and a leader in energy storage, according to a news release from NIPSCO. The solar projects are expected to begin construction in 2022 and expected to be operational in 2022 and 2023.
NextEra Energy Resources will construct the projects and NIPSCO will enter into joint ventures to own, and operate and maintain some facets of these assets once construction is complete.
“The addition of these three solar projects and associated battery storage is an investment in the future of Indiana and the future of NIPSCO, as we deliver on our promise of bringing safe, reliable and affordable energy to our customers,” said Mike Hooper, NIPSCO president. “Renewable technology continues to advance, and we are proud to be working with NextEra Energy Resources on the Dunns Bridge and Cavalry solar projects as we continue to implement our ‘Your Energy, Your Future’ plan.”
The investment in this new generation will bring economic benefits to the state of Indiana including both construction and long-term operating and maintenance jobs, along with enhancing the county tax base.
“Jasper County is pleased to continue our long-term relationship with NIPSCO with the development of the Dunn’s Bridge Solar Project,” said Kendell Culp, Jasper County commissioner. “As the county continues to search for additional economic development projects in light of the coming retirement of the Schahfer Generating Station, we look forward to this new opportunity to bring stability to our county’s tax base.”
The Indiana-based Dunns Bridge I, Dunns Bridge II and Cavalry solar projects were selected through a Request for Proposal (RFP) solicitation that NIPSCO ran as part of its “Your Energy, Your Future” generation transition, which was announced in its 2018 Integrated Resource Plan (IRP).
Adding these three solar projects is the next step in bringing NIPSCO’s customer-centric “Your Energy, Your Future” plan to life. The company plans to be coal-free by 2028 adding a combination of cleaner energy sources to its existing portfolio, which includes natural gas and hydroelectric generation, the release states. This generation transition helps deliver a more affordable, reliable and sustainable energy mix for NIPSCO customers for years to come – saving customers $4 billion over the long term.
Five renewable projects have previously been announced by NIPSCO, which include a combination of similar joint venture agreements and purchased power agreements. Two of the wind projects are near completion, including the Jordan Creek Wind Energy Center, a subsidiary of NextEra Energy Resources. NIPSCO will purchase the power directly from Jordan Creek Wind.
The three latest NIPSCO projects were selected following a comprehensive review of bids submitted through the all source RFP process that NIPSCO underwent in late 2019 – which continues to affirm the conclusions of the 2018 NIPSCO IRP, that wind and solar resources were shown to be lower cost options for customers compared to other energy resource options.
NIPSCO will request the addition of these new projects to its supply portfolio in filings with the Indiana Utility Regulatory Commission (IURC).
NIPSCO expects to announce additional renewable projects later this year. Learn about NIPSCO’s “Your Energy, Your Future” plans and the latest information at NIPSCO.com/future.
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