AES Indiana to acquire solar-plus-storage project from NextEra Energy Resources

• AES Indiana, a subsidiary of power circulation business AES Corporation, is preparing to obtain and construct a 250MW PV project coupled with a 180MWh energy storage center in Indiana.

Ready to be acquired from a subsidiary of NextEra Energy Resources, the Petersburg Solar Project is the next step toward AES Indiana's transition to greener as well as smarter options, to fulfill the state's future energy demands, the company said.

The center will certainly be linked to AES' existing coal-fired Petersburg Generating Station and will be established and also built by NextEra Energy Resources in Pike County.

Kristina Lund, AES Indiana CEO, said: "The Petersburg Solar Project is a win-win service that adds new technologies to our generation fleet, while additionally maintaining financial advantages right here in Indiana."

If authorized by the Indiana Utility Regulatory Commission (IURC), building will begin in autumn 2021, producing 200 short-term jobs while doing so, with the project expected to be totally operational by May 2024.

" Pike County invites the new investment of the Petersburg Solar Project and also the several advantages of the project including new building jobs and new tax earnings to the county," stated Ashley Willis, supervisor of financial advancement, Pike County Economic Development Corporation.

Indiana has actually been highlighted as a possible growth market for solar in the US. The Solar Power Industries Organization and Wood Mackenzie's Q2 Solar Market Understanding Report, published in June, revealed that the state placed fourth for solar setups in Q1 2021, having rated just 32nd throughout 2020.

In June, the IURC accepted AES Indiana's plans to acquire the 195MW Hardy Hills solar project in Clinton County, Indiana.

Lund said: "The Petersburg Solar Project is another step in our approach to speed up the future of energy by expanding our profile to include renewables in addition to traditional fuel resources and also to prioritise significant investments to modernise our energy grid."