NIPSCO continues to grow its green energy platform
GIBSON CO., Ind. (Inside INdiana Business) — Merrillville-based Northern Indiana Public Service Co. LLC has signed a Build Transfer Agreement with the developer of a 200-megawatt solar farm in Gibson County.
The Elliott Solar project is one of several being undertaken by Capital Dynamics’ Clean Energy Infrastructure business in Indiana.
Construction is expected to begin in summer 2022 and the solar plant would become operational the following summer.
Under terms of the agreement, Capital Dynamics will construct the project, and NIPSCO will enter into a joint venture once construction is complete.
CEI and NIPSCO, which is a subsidiary of NiSource Inc. (NYSE: NI), are also partnering on a second solar project in Gibson County. In December, the utility announced it had signed a long-term agreement to purchase power from the 280-megawatt Gibson Solar Farm.
“Capital Dynamics is proud to further expand our presence in Indiana and contribute to the state’s ongoing energy transition,” said John Breckenridge, head of Clean Energy Infrastructure at Capital Dynamics. “We applaud NIPSCO for its commitment to providing customers with sustainable energy solutions.”
NIPSCO says it plans to be coal-free by 2028 by adding power generated from solar and wind farms to its existing portfolio of natural gas and hydroelectric generation.