NIPSCO, EDP Renewables Run BTA for the Indiana Solar Venture
EDP Renewables North America LLC and Northern Indiana Public Service Co. LLC (NIPSCO) have signed a Construction and Transfer Agreement (BTA) for a solar energy project in Indiana.
The BTA will enable the construction of the 200 MW Indiana Crossroads solar farm in White County, which is expected to be operational in 2022. NIPSCO will enter into a joint venture upon completion of construction. The agreement is the fourth project that EDPR NA and NIPSCO have worked on.
"EDP Renewables is proud to partner with NIPSCO to bring this solar project to White County," said Miguel Prado, CEO of EDP Renewables North America. “It's critical not only to clean energy success in Indiana, but to the entire state economy. EDPR NA is committed to accelerating the current Indiana energy transition that will create economic growth, attract new businesses, and put the state at the forefront of renewable energy innovation. "
The expansion of the 200 MW Riverstart Solar Park currently under construction in Randolph County will soon bring the company's operational generation to 1.6 GW in Indiana. With the inclusion of the three projects on which EDPR NA and NIPSCO worked together through BTAs, EDPR NA has developed a total of around 2,200 MW renewable energy projects in the state.
Indiana Crossroads Solar Park complements eleven renewable energy projects previously announced as part of NiSource's customer-centric "Your Energy, Your Future" initiative, which includes NIPSCO's generation change plan. The NIPSCO projects include a combination of similar joint ventures and power purchase agreements.