First Two NIPSCO Indiana Solar Tasks Start Operations

Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc., one of many largest absolutely regulated utility corporations within the United States, has its first two Indiana-based solar tasks – Indiana Crossroads and Dunns Bridge I Solar – on-line and working.   

“These completed projects are a crucial step in advancing our long-term energy transition plan, providing sustainable, reliable and cost-effective energy now and into the future,” says Mike Hooper, NIPSCO president.

Indiana Crossroads Solar is a 200 MW facility situated in White County, Ind., which was developed and constructed by EDP Renewables North America (EDPR NA). Indiana Crossroads Solar might be a serious financial boon to the state and to White County bringing $2.6 million in Economic Development Agreement funds which might be accessible for the county to make use of for precedence tasks and different particular tasks. The solar park can also be anticipated to contribute greater than $42 million in property tax funds over the 35-year lifetime of the mission, serving to to scale back the property tax burden on different households and companies in White County.

Dunns Bridge I Solar is a 265 MW facility situated in Jasper County, Ind. It is close to NIPSCO’s R.M. Schahfer Generating Station, which is anticipated to be retired in 2025. This facility is the primary of a two-part solar mission. Dunns Bridge II, situated in Jasper and Starke counties and at present beneath building, is anticipated to supply 435 MW of solar paired with 75 MW of battery storage. Dunns Bridge I & II are anticipated to generate roughly $59 million in extra tax income for Jasper and Starke counties over the lifetime of the power.

Both the Dunns Bridge I and Indiana Crossroads solar tasks are partially funded by tax fairness investments. By utilizing a tax fairness investor that’s at present capable of make the most of the tax advantages extra effectively, together with using tax advantages afforded beneath the Inflation Reduction Act, NIPSCO is ready to present electrical energy to clients at a decrease price versus conventional possession of the tasks.

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