Capital Characteristics indications 100MW PPA with Indiana Municipal Power Company
- Capital Dynamics' Tidy Energy Facilities (CEI) business has approved a long-term PPA with Indiana Municipal Power Company (IMPA) in coordination with Tenaska. Per the terms of the PPA, IMPA will purchase 100MW of the power generated by a greenfield PV task in Indiana that is owned by Capital Characteristics.
This PV job stands as one of 14 installations that Capital Dynamics acquired from Tenaska back in November 2018. The installation lies on approximately 485 hectares of land in southern Indiana and is currently in the advancement stage.
Building and construction on the PV job is expected to finish and reach industrial operations in the 2nd half of 2022.
Benoit Allehaut, managing director on Capital Dynamics' Tidy Energy Infrastructure team, said: "This agreement with IMPA reinforces our presence in the Midcontinent Independent System Operator (MISO) market and demonstrates our long-term dedication to helping the region reach its eco-friendly power goals. Tenaska was a crucial partner in completing the contract and brought considerable know-how through all components of advancement stage. Together, this job belongs of our bigger objective to cultivate the development of a solar-dominant culture throughout the Midwest."
Steve Johnson, senior vice president and leader of Tenaska Solar Ventures, the business's solar development organisation, stated: "We are delighted to see Tenaska's relationship with Capital Dynamics yield strong results with the signing of this PPA. This was our intent when we began doing business together. We aspire to finish advancement of this project in Indiana and bring it to building."