NIPSCO and Capital Dynamics Sign 280MW Solar Energy Power Purchase Agreement
Dec 28, 2020 3:04 PM ET Legal Newswire POWERED BY LAW.COM
Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, an independent global private asset management firm, signed a long-term Power Purchase Agreement (PPA).
Capital Dynamics
Under the terms of the PPA, NIPSCO will purchase 280MW of the power generated by a CEI-owned greenfield solar project called Gibson Solar, one of two projects being developed by CEI in Gibson County, Indiana. Arevon Energy Management and Tenaska are co-developing this project and were instrumental in the signing of the PPA.
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NIPSCO signs solar energy power agreement
The Northern Indiana Public Service Company and the Clean Energy Infrastructure (CEI) business of Capital Dynamics have signed a long-term power purchase agreement (PPA), NIPSCO announced this morning.
Under the PPA’s terms, NIPSCO will purchase 280MW of the power generated by a CEI-owned greenfield solar project called Gipson Solar, one of the projects being developed by CEI in Gibson County, Ind. Arevon Energy Management and Tenaska are co-developing this project and were instrumental in the signing of the PPA.
“We are proud to partner with Capital Dynamics on the Gibson purchase power agreement,”
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NIPSCO adds solar capacity through a 280 MW PPA
The Indiana utility plans to be coal-free by 2028 by adding a combination of cleaner energy sources to its existing mix of natural gas and hydroelectric generation.Northern Indiana Public Service Company (NIPSCO) and a unit of Capital Dynamics signed a long-term Power Purchase Agreement (PPA) for 280 MW of the power generated by a greenfield solar project called Gibson Solar. The project is being developed by Capital s Clean Energy Investment unit in Gibson County, Indiana. Arevon Energy Management and Tenaska are co-developing the project. The Gibson Solar project is one of 19 projects that .