NIPSCO so as to add 900-MW of solar PV in Indiana through three new initiatives
Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc., announced that 900 MW of solar energy is coming to Indiana with the Dunns Bridge I, Dunns Bridge II and Cavalry Solar Energy Centers. Term generation strategy. NIPSCO has signed three build transfer agreements with subsidiaries of NextEra Energy Resources. The solar projects are expected to start construction in 2022 and are expected to go into operation in 2022 and 2023.
NextEra Energy Resources will build the projects and NIPSCO will enter into joint ventures to own, operate and service 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 keep our promise to deliver safe, reliable and affordable energy to our customers,” said Mike Hooper, NIPSCO President. “Renewable technologies continue to evolve 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.”
Investing in this new generation will bring economic benefits to the state of Indiana, including construction and long-term operations and maintenance, as well as improving the county’s tax base.
“Jasper County is excited to continue our long-term relationship with NIPSCO with the development of the Dunn’s Bridge Solar Project,” said Kendell Culp, Jasper County’s agent. “As the district is still looking for additional economic development projects in view of the imminent closure of the Schahfer power plant, we are looking forward to this new opportunity to stabilize the tax base of our district.”
Indiana-based solar projects Dunns Bridge I, Dunns Bridge II, and Cavalry were selected through a call for proposals conducted by NIPSCO as part of the Generational Change Your Energy, Your Future announced in the 2018 Integrated Resource Plan.
The three most recent NIPSCO projects were selected after an extensive review of the bids submitted as part of NIPSCO’s all-source proposal process in late 2019. This further confirms the conclusions of the NIPSCO Integrated Resource Plan for 2018 that wind and solar resources have been shown to be more cost effective options for customers compared to other energy resource options.
NIPSCO will apply to the Indiana Utility Regulatory Commission to add these new projects to its delivery portfolio:
- Dunns Bridge Solar I – The 265 megawatt solar project is located in Jasper County. The project is estimated to include 900,000 solar panels and is expected to be operational in 2022. Dunns Bridge Solar will be able to produce enough energy to power 79,500 households.
- Dunns Bridge Solar II – This project will have 435 megawatts of solar paired with 75 megawatts of battery storage and is also located in Jasper County. The project is estimated to include 1,500,000 solar panels and is expected to be operational in 2023. Dunns Bridge II will be able to produce enough energy to power 130,500 households. Dunns Bridge Solar I & II is expected to generate approximately $ 59 million in additional tax revenue for Jasper County over the life of the projects and create approximately 300 jobs during construction. This project was originally developed by Orion Wind Resources LLC, a joint venture between Orion Renewable Energy Group and MAP Energy.
- Cavalry Solar – This project will have 200 megawatts of solar with 60 megawatts of battery storage and will be located in White County. The project is estimated to include 650,000 solar panels and is expected to be operational by the end of 2023. Cavalry Solar will be able to produce enough energy to power 60,000 households. Cavalry Solar is expected to generate approximately $ 25 million in additional revenue for White County and approximately 200 jobs during construction over the life of the project.
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 carbon-free by 2028 and expand its existing portfolio, which includes natural gas and hydropower, to include a combination of clean energy sources. This generation change will help provide NIPSCO customers with a more affordable, reliable and sustainable energy mix for years to come, and save customers $ 4 billion in the long term. On average, this transition would save NIPSCO customers an estimated $ 105 per year just by eliminating the fuel costs associated with running the coal-fired power plants.
NIPSCO has already announced five renewable energy projects that include a combination of similar joint venture agreements and purchase power agreements. Two of the wind projects are nearing completion, including the Jordan Creek Wind Energy Center, a subsidiary of NextEra Energy Resources. NIPSCO will source the electricity directly from Jordan Creek Wind.