AES Indiana, a subsidiary of electricity distribution company AES Corporation, plans to acquire and build a 250 MW photovoltaic project associated with a 180 MWh energy storage facility in Indiana.
Planned to be acquired from a subsidiary of NextEra Energy Resources, the Petersburg solar project is the next step in AES Indiana’s transition to greener, smarter solutions to meet the state’s future energy needs. , the company said.
The facility will be connected to AES’s existing coal-fired power plant and will be developed and built by NextEra Energy Resources in Pike County.
Kristina Lund, CEO of AES Indiana, said, âThe Petersburg solar project is a win-win solution that adds new technologies to our generation fleet, while maintaining economic benefits right here in Indiana.
If approved by the Indiana Utilities Regulatory Commission (IURC), construction will begin in fall 2021, creating 200 temporary jobs, with the project expected to be fully operational by May 2024.
“County of Pike welcomes the new investment in the Petersburg Solar Project and the many benefits of the project, including new construction jobs and new tax revenues for the county,” said Ashley Willis, Director of Economic Development, Pike County Economic Development Corporation.
Indiana has been highlighted as a potential growth market for solar power in the United States. The Solar Energy Industries Association and Wood Mackenzie’s Q2 Solar Market Insight report, released in June, found that the state ranked fourth for solar installations in the first quarter of 2021, after ranking only 32nd in 2020.
In June, the IURC approved AES Indiana’s plan to acquire the 195 MW Hardy Hills solar project in Clinton County, Indiana.
Lund said: âThe Petersburg Solar Project is another step in our strategy to accelerate the future of energy by diversifying our portfolio to include renewables as well as conventional fuel sources and prioritizing major investments for modernize our energy network. “