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NIPSCO Enters Agreement with Invenergy For New 250 MW Solar Park

Last Updated on 08th January 2024

Northern Indiana Public Service Co LLC (NIPSCO) on 18th March announced that it has entered a joint venture with Chicago-based Invenergy LLC to facilitate the construction and operation of a 250-MW solar park in Sullivan County, Indiana.

 

The Fairbanks solar park, as it is known, is scheduled to begin commercial operations in autumn 2023 Invenergy will construct the project, and NIPSCO will enter into a joint venture once construction is complete.

 

This agreement is the latest addition in NIPSCO’s electric generation transition bringing more affordable, clean energy to customers. Over the life of the project, Fairbanks Solar will generate USD 110 million in local tax revenues and landowner payments in the county just south of Terre Haute, according to NIPSCO. The project will fund up to 250 workers during the construction period.

 

Mike Hooper, the president of NIPSCO, said, “We are proud to partner with Invenergy on this Fairbanks Solar build transfer agreement,” “ In addition to the positive economic impact this project will have on our home state, this project is the next step in our electric generation transition, which will save our customers USD 4 billion over the long term.”

 

As part of NiSource’s customer-centric “Your Energy, Your Future” initiative, NIPSCO has two operating wind farms as well as eight renewable energy projects; the Fairbanks solar park adds to this. The company plans to be coal-free by 2028, adding a combination of cleaner energy sources to its existing portfolio of natural gas and hydroelectric generation. NIPSCO’s industry-leading generation transition will deliver a more affordable, reliable, and sustainable energy mix for NIPSCO customers for years to come.

 

NIPSCO has requested approval of the project from the Indiana Utility Regulatory Commission. In the coming weeks, the company plans to launch more clean energy ventures.

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