IPL Announces Arrangement to Get 195 MW Solar Plant

• Indianapolis Power & Light Firm (IPL), a subsidiary of the AES Corporation (NYSE: AES), today announced an agreement to obtain a 195 megawatt solar project.

Anticipated to be completed in 2023, the solar project will certainly be located in Clinton Area, Ind., as well as Invenergy will develop the project as well as manage building and construction. As soon as running, the solar facility will create adequate electricity to power more than 30,000 homes. The procurement contract is subject to approval from the Indiana Utility Regulatory Commission.

" IPL has a lengthy history of providing secure, reputable as well as cost effective electrical solution to our customers," stated Kristina Lund, IPL Head Of State and also CEO. "Our financial investment in solar power permits us to expand our electrical generation portfolio, while still accurately offering our consumers."

Through its current Integrated Source Strategy, IPL recognized a need for new generation sources to offer our consumers' demands. A comprehensive process that included an all-source request for proposals led IPL to Chicago-based Invenergy, a leading global developer and operator of sustainable power remedies with considerable experience in solar generation.

In addition to offering inexpensive, renewable energy and expanding IPL's portfolio, the solar project will certainly produce 200 short-term building jobs as well as offer landowners in the area lasting financial benefits.

" The current improvements in digital technologies and renewable energy give our consumers a wide array of options when it pertains to exactly how they power their houses as well as businesses," said Lund. "Gone are the days when clients had to pick between reliability, cost as well as sustainability. Now they can have all three, and also this solar project is a fantastic instance of exactly how IPL can help our consumers accomplish their most important individual and also organization purposes."

Building and construction on the project is anticipated to start in the autumn of 2021 as well as get to commercial operation in 2023.