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May 5, 2022

CenterPoint Energy subsidiary receives approval for PPAs in Indiana

The 335MW of capacity will be enough to meet the power requirements of more than 70,000 homes a year.

CenterPoint Energy Indiana South, a subsidiary of CenterPoint Energy, has secured approval from the Indiana Utility Regulatory Commission (IURC) to enter two power purchase agreements (PPAs).

The PPAs are for an additional 335MW of solar energy capacity to serve the south-western region of Indiana, US.

The IURC’s approval will support the company’s long-term electric generation transition plan.

CenterPoint Energy Indiana South was granted a 15-year PPA for a 185MW solar facility located in Vermillion County, Indiana, which is being developed by Oriden.

The second approval was given to a 20-year PPA for a 150MW solar power facility in Knox County, which is being built by Origis Energy.

CenterPoint Energy Indiana South filed for approval of the two PPAs in August last year.

CenterPoint Energy Generation Development senior vice-president Steve Greenley said: “The additional energy obtained through these PPAs will further CenterPoint Energy’s Smart Energy Future strategy and continue our efforts to bring clean energy to the communities we serve.

“We appreciate the continued efforts of Oriden and Origis Energy as they bring these projects to fruition and thank their leadership teams, as well as the community partners in Vermillion and Knox Counties.”

The 335MW of capacity will be enough to meet the power requirements of more than 70,000 homes or 12,000 commercial customers a year.

The two PPAs support CenterPoint Energy’s Smart Energy Future Plan, which aims to implement a cost-effective energy mix for its 150,000 customers in south-west Indiana.

CenterPoint Energy has also set a target to achieve net-zero goals for its Scope One greenhouse gas emissions by 2035 through the use of renewable resources.

In addition, the company has said that it is awaiting approval to build two natural gas combustion turbine to replace its existing coal-fired generation fleet.

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