Northern Indiana Public Service Co. LLC (NIPSCO), a subsidiary of NiSource Inc., and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, an independent global global asset management firm, have signed a Build Transfer Agreement (BTA) for 200 MW solar energy to Indiana with the Elliot Solar Project.
“We are proud to partner with Capital Dynamics on another solar energy project in our home state,” said Mike Hooper, President of NIPSCO. “The addition of Elliot Solar to NIPSCO's portfolio is an important step on the road to cheaper, cleaner and more reliable energy for our customers.”
The Elliot Solar project in Gibson County, Indiana is expected to begin construction in the summer of 2022 and is expected to go into commercial operation in the summer of 2023. Capital Dynamics will build the project and NIPSCO will enter into a joint venture upon completion of construction.
Elliot Solar complements NIPSCO's two operational wind farms and eleven renewable energy projects previously announced as part of NiSource's Your Energy, Your Future initiative – including NIPSCO's generation change plan. The NIPSCO projects include a combination of similar joint ventures and power purchase agreements. The company plans to be carbon-free by 2028 and add cleaner energy sources to its existing portfolio of natural gas and hydropower plants.
NIPSCO has applied to the Indiana Utility Regulatory Commission to add this new project to its delivery portfolio.
Those interested can learn more about NIPSCO's “Your Energy, Your Future” plans and the latest information by clicking here.
Photo: NIPSCO's About Us website