EDF Renewables North America has secured two agreements with Indiana Michigan Power (I&M), a subsidiary of American Electric Power (AEP), to add 554 MWdc (425 MWac) of solar energy to its clean energy mix.
I&M will purchase the output from Sculpin Solar, totaling 236 MWdc (180 MWac), under a 30-year power purchase agreement (PPA). The company also will purchase 100% of the equity interests in Lake Trout Solar, totaling 318 MWdc (245 MWac), following completion of construction activities under a purchase and sale agreement (PSA).
“Indiana and its farmers are taking the lead to decarbonize the energy sector, while also revitalizing the local economy with jobs, vendor contracts, taxes, and lease payments,” said Eric Spigelman, senior director of origination and power marketing at EDF Renewables. “We are excited to bring EDF Renewables first solar projects to Indiana and to support I&M as it delivers long-term price stability, stimulates economic growth, and reduces emissions.”
Combined, these two projects are expected to generate approximately 880,000 MWh of clean energy annually.
“The Lake Trout and Sculpin projects are important steps in I&M’s continued transition to cleaner, more diverse energy sources,” said Steve Baker, I&M president and chief operating officer.
EDF Renewables, one of the largest renewable developers in North America, is committed to providing solutions to meet its customers’ carbon-reduction goals. With 35 years of experience and 16 GW of wind, solar and storage projects developed, the company provides integrated energy solutions from grid-scale power to electric vehicle charging.
Tags: EDF Renewables North America, Indiana Michigan Power, PPA, utility-scale
