AES Indiana Acquires Solar-Storage Project from Lightsource bp

• AES Indiana boosts renewable energy with a 200-MW battery launch and 85-MW solar acquisition, driving Indiana's clean energy transition.

AES Indiana, a subsidiary of AES Corp, has successfully launched a 200-MW battery system and received regulatory approval to acquire an 85-MW solar-plus-storage project from Lightsource bp. This acquisition marks a significant step in expanding AES Indiana's renewable energy portfolio.

The project, combining solar power with battery storage, aligns with AES's strategy to enhance energy reliability and sustainability. The regulatory approval facilitates the integration of renewable energy sources, supporting Indiana's transition towards cleaner energy solutions. This development underscores AES's commitment to advancing renewable energy infrastructure and meeting growing energy demands with sustainable options.

How does AES Indiana's new project impact renewable energy growth in Indiana?

• Enhances grid stability and reliability by integrating battery storage with solar power, ensuring a consistent energy supply even when solar generation is low.
• Contributes to Indiana's renewable energy targets, helping the state reduce its carbon footprint and reliance on fossil fuels.
• Encourages further investment in renewable energy projects within Indiana, potentially attracting more companies and creating jobs in the green energy sector.
• Demonstrates the viability and benefits of solar-plus-storage projects, potentially influencing policy and regulatory frameworks to support similar initiatives.
• Supports local economic growth by creating construction and operational jobs, as well as stimulating local businesses involved in the supply chain.
• Provides a model for other utilities in Indiana and the Midwest to follow, accelerating the region's transition to renewable energy sources.
• Enhances AES Indiana's competitive edge in the energy market by diversifying its energy portfolio and offering more sustainable energy solutions to consumers.