NIPSCO signs Build Transfer Agreement for 200 MW Solar project in USA

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, announced that they have signed a build transfer agreement (BTA) to bring 200 megawatts (MW) of solar energy to Indiana with the Elliot Solar project.

Located in Gibson County, Indiana, the Elliot Solar project is expected to begin construction in summer 2022 and begin commercial operations in summer 2023. Capital Dynamics will construct the project, and NIPSCO will enter into a joint venture once construction is complete.

Mike Hooper, NIPSCO president, said: "The addition of Elliot Solar to NIPSCO's portfolio is a major step in our transition to lower-cost, cleaner and reliable energy for our customers."

Elliot Solar adds to NIPSCO's two operating wind farms as well as 11 renewable energy projects previously announced as part of NiSource's customer-centric "Your Energy, Your Future" initiative, which includes the generation transition plan at NIPSCO. The NIPSCO projects include a combination of similar joint ventures and power purchase agreements.