NIPSCO, Invenergy sign 250 MW Fairbanks Solar project build-transfer agreement

Northern Indiana Public Service Company, LLC (NIPSCO) and Invenergy have signed a build transfer agreement to bring 250 megawatts (MW) of solar energy to Indiana with the Fairbanks Solar project.

Located in Sullivan County, Indiana, the Fairbanks Solar project is expected to begin commercial operations in fall 2023. Invenergy will construct the project, and NIPSCO will enter into a joint venture once construction is complete.

Over the life of the project, Fairbanks Solar will directly invest US$110 million in the local economy through new tax revenues and landowner payments. The project will support up to 250 jobs during the construction period.