NIPSCO to Buy Power from Gibson County Solar Farm
A northern Indiana utility company has agreed to purchase power from a solar farm in Gibson County.
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On its website, NIPSCO says it’s signed a long-term Power Purchase Agreement with Capital Dynamics.
The deal calls for NIPSCO purchasing 280 megawatts of power generated by Gibson Solar, one of two solar projects being developed in Gibson County.
NIPSCO President Mike Hooper says the addition of a homegrown Indiana solar energy project is the next step in the company’s “transition to lower-cost, cleaner energy” for its customers.
The utility firm plans to be coal-free by 2028
NIPSCO’s deal with Capital Dynamics will require state regulatory approval.
Construction of the solar farm is expected to start in 2022, with operation anticipated in 2023.