Capital Dynamics and NIPSCO indicator power purchase arrangement in US

• Capital Dynamics' Clean Energy Infrastructure (CEI) company has signed a 280MW power acquisition contract (PPA) with Northern Indiana Public Service Company (NIPSCO), a subsidiary of utility firm NiSource.

Capital Dynamics' Clean Energy Infrastructure (CEI) service has authorized a 280MW power acquisition arrangement (PPA) with Northern Indiana Public Service Company (NIPSCO).

As part of the agreement NIPSCO, a subsidiary of utility firm NiSource, will certainly acquire energy produced by a CEI's solar project. The Gibson Solar project covers 2,400 acres of acreage in Gibson County, southerly Indiana. It is one of 2 projects currently being established by CEI in the region. Building and construction works will certainly start in 2022, and industrial procedures will certainly start in 2023.

It is additionally among 19 projects Capital Dynamics got from Tenaska in November 2018 and also April 2019. Arevon Energy Management and Tenaska have co-developed the project, as well as had a vital duty in the power acquisition agreement.

Capital Dynamics Clean Energy Infrastructure managing supervisor Benoit Allehaut said: "We are grateful for the partnership with Northern Indiana Public Service Company on the 280MW AC Gibson solar project.

" This is among the biggest solar projects situated east of the Mississippi, and also the Gibson project will be a vital factor to the recurring power shift in Indiana.

" We applaud Northern Indiana Public Service Company for the long-term commitment and Tenaska as well as Arevon Energy Management for their assistance reaching this turning point on our huge portfolio in the location."

Before this deal, NIPSCO signed power purchase agreements and also joint ventures with 8 renewable resource projects. The firm expects to reveal added sustainable projects in the coming months.

NIPSCO president Mike Hooper said: "We are proud to companion with Capital Dynamics on the Gibson purchase power arrangement.

" The addition of this homemade Indiana solar power project is the next action in our cutting-edge and steady shift to reduced expense, cleaner power for our consumers."

Last month, CEI completed the procurement of 3 solar photovoltaic fully-contracted operating projects from LS Power.