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Capital Dynamics and Northern Indiana Public Service Company (NIPSCo), part of NiSource, have signed an agreement to bring 200MW of solar energy to the US state.
The build-transfer agreement is for the Elliot Solar project, in Gibson County, which will begin construction in summer 2022 and begin commercial operations in summer 2023.
Capital Dynamics will construct the project, and NIPSCO will enter into a joint venture once construction is complete. We are proud to partner with Capital Dynamics on another solar energy project in our home state, said Mike Hooper, NIPSCo president. The addition of Elliot Solar to NIPSCo s portfolio is a major step in our transition to lower-cost, cleaner and reliable energy for our customers.
NIPSCO and Capital Dynamics sign build-transfer deal for 200MW solar project
NIPSCO plans to go coal-free by 2028. Image: Joe Passe/Flickr
US utility Northern Indiana Public Service Company (NIPSCO) has signed a deal with asset manager Capital Dynamics’ green energy business to develop a 200MW solar farm in Gibson County, Indiana.
Capital Dynamics has signed a build-transfer agreement for the Elliot Solar project, which the asset manager is set to break ground on next summer. NIPSCO will then enter into a joint venture to take ownership of the project when it comes online in 2023. The utility has already signed a power purchase agreement (PPA) with Capital Dynamics to offtake 100% of energy produced by the Gibson Solar project in southern Indiana, due to also begin commercial operations in 2023.
NIPSCO has signed an agreement with private asset management firm Capital Dynamics for a solar energy project in Gibson County. The Elliot Solar project willl produce 200 megawatts on its
The La Porte County Herald-Argus
MERRILLVILLE - The Northern Indiana Public Service Company and the Clean Energy Infrastructure business of Capital Dynamics have announced the signing of a build transfer agreement to bring 200 megawatts of 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, NIPSCO president. The addition of Elliot Solar to NIPSCO s portfolio is a major step in our transition to lower-cost, cleaner and reliable energy for our customers.
Located in Gibson County, the Elliot Solar project is expected to begin construction in summer 2022 and begin commercial operations in summer 2023.