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February 8, 2021

IPL to acquire 195MW solar project in Indiana, US

Indianapolis Power & Light Company (IPL) has signed an agreement to acquire a 195MW solar project in Indiana, US.

By Umesh Ellichipuram

Indianapolis Power & Light Company (IPL) has signed an agreement to acquire a 195MW solar project in Indiana, US.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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Construction at the site in Clinton County will begin later this year. The AES subsidiary will bring the solar project online in 2023.

IPL president and CEO Kristina Lund said: “IPL has a long history of providing safe, reliable and affordable electric service to our customers.

“Our investment in solar energy allows us to diversify our electric generation portfolio, while still reliably serving our customers.”

Invenergy, a global developer and operator of sustainable energy solutions, has agreed to develop the project and manage construction works.

During construction, the project will create 200 temporary jobs and provide economic benefits to landowners in the area. Once operational, the facility will power more than 30,000 homes.

Lund further added: “The recent advancements in digital technologies and renewable energy give our customers a wide variety of options when it comes to how they power their homes and businesses.

“Gone are the days when customers had to choose between reliability, affordability and sustainability. Now they can have all three, and this solar project is a great example of how IPL can help our customers achieve their most important personal and business objectives.”

Completion of the deal is subject to the approval of the Indiana Utility Regulatory Commission. The company has not disclosed the financial details of the transaction and did not state the project’s seller.

In July 2018, IPL opened its combined-cycle gas turbine natural gas power plant in Indiana, US. Located at the Eagle Valley Generating Station, the new facility offers cleaner and efficient energy at a reasonable cost to customers.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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