IPL announces agreement to obtain photo voltaic task in Clinton County

Margie D. Moore

The MarketWatch News Department was not associated in the creation of this material.

INDIANAPOLIS, Feb. 5, 2021 /PRNewswire through COMTEX/ —
INDIANAPOLIS, Feb. 5, 2021 /PRNewswire/ — Indianapolis Electrical power & Mild Business (IPL), a subsidiary of the AES Company (NYSE: AES), now introduced an settlement to acquire a 195 megawatt photo voltaic project. Predicted to be finished in 2023, the photo voltaic project will be located in Clinton County, Ind., and Invenergy will produce the project and control design. When operating, the photo voltaic facility will make sufficient electricity to ability far more than 30,000 houses. The acquisition agreement is issue to acceptance from the Indiana Utility Regulatory Fee.

“IPL has a extensive record of offering secure, reliable and reasonably priced electric support to our buyers,” stated Kristina Lund, IPL President and CEO. “Our financial commitment in solar vitality permits us to diversify our electrical era portfolio, while nevertheless reliably serving our buyers.”

Via its recent Integrated Source Prepare, IPL discovered a have to have for new technology assets to provide our customers’ wants. An considerable system which bundled an all-source request for proposals led IPL to Chicago-dependent Invenergy, a leading global developer and operator of sustainable electricity answers with extensive practical experience in photo voltaic era.

In addition to delivering economical, renewable electrical power and diversifying IPL’s portfolio, the photo voltaic undertaking will make 200 temporary building jobs and give landowners in the space long lasting economic rewards.

“The modern breakthroughs in digital systems and renewable strength give our buyers a huge variety of alternatives when it will come to how they power their properties and enterprises,” stated Lund. “Absent are the times when shoppers had to opt for concerning dependability, affordability and sustainability. Now they can have all three, and this solar task is a terrific example of how IPL can support our clients reach their most essential personal and company aims.” 

Development on the job is predicted to start in the fall of 2021 and access business procedure in 2023.

About Indianapolis Electricity & Light-weight Corporation (IPL)
Indianapolis Electricity & Gentle Firm (IPL), an AES Organization, provides retail electrical support to a lot more than 490,000 household, professional and industrial clients in Indianapolis, as nicely as portions of other Central Indiana communities encompassing Marion County. During its long background, IPL has supplied its clients with some of the least expensive-value, most reliable ability in the place. For much more information about the organization, you should visit IPLpower.com  or join at twitter.com/IPLpowerfacebook.com/IPLpower or linkedin.com/company/IPLpower.

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 world wide strength enterprise accelerating the upcoming of energy. Alongside one another with our quite a few stakeholders, we’re strengthening lives by providing the greener, smarter electrical power methods the entire world demands. Our various workforce is committed to steady innovation and operational excellence, though partnering with our prospects on their strategic energy transitions and continuing to fulfill their electrical power requirements nowadays. For more information, visit www.aes.com.

About Invenergy
We are innovators constructing a sustainable globe. Invenergy and its affiliated businesses produce, very own, and work significant-scale sustainable strength generation and storage amenities in the Americas, Europe and Asia. Invenergy’s household workplace is located in Chicago, and it has regional progress places of work in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has properly designed a lot more than 25,000 megawatts of projects that are in procedure, building or contracted, like wind, solar, normal fuel electrical power generation facilities, and sophisticated electrical power storage projects as nicely as transmission infrastructure. For a lot more information, you should visit www.invenergy.com.

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