A CenterPoint Energy subsidiary filed a request for approval from the Indiana Utility Regulatory Commission (IURC) to enter into two power purchase agreements for an additional 335 MW of solar energy for the next component in the company’s long-term electric generation transition plan.
The company is requesting approval to purchase 185 MW of solar power, under a 15-year PPA, from Oriden, which is developing a solar project in Vermillion County, and 150 MW of solar power, under a 20-year PPA, from Origis Energy, which is developing a solar project in Knox County. Pending approvals, both solar arrays are expected to be in service by 2023.
The total 335 MW from these arrays is could supply enough power to meet the needs of more than 70,000 homes or 12,000 commercial customers per year.
“These additional renewable resources would serve our local electric customers, providing a cost-effective, stable energy option,” said Steve Greenley, senior VP of Indiana Electric Operations for CenterPoint Energy. “We look forward to partnering with Oriden and Origis Energy as they bring these projects to fruition.”
In addition to the proposed PPAs, the company is awaiting approval to acquire a 300 MW solar array and an additional 100 MW PPA.
“Oriden is proud to support CenterPoint Energy’s efforts to diversify their electric generation portfolio and contribute to the future of cleaner energy for its customers,” said Masahiro Ogiso, president and CEO of Oriden.
The PPAs represent the next step in the company’s “Smart Energy Future Plan” to meet stakeholder sustainability goals and implement a cost-effective, well-balanced energy mix for its 145,000 customers in Southwest Indiana.
News item from Centerpoint Energy