OR WAIT null SECS
The agreement marks the fifth renewable-energy project in Indiana by EDP Renewables and NIPSCO.
EDP Renewables SA (EDPR) and Northern Indiana Public Service Company (NIPSCO) have inked a 20-year power purchase agreement (PPA) for the 198 MW Carpenter Wind Farm situated in Jasper County, Indiana.
The Carpenter Wind Farm, situated near the town of Remington in Northwestern Indiana, is set to be operational by 2025 and will generate enough power to support over 53,000 Indiana homes annually. With an estimated capital investment of $365 million, the project will provide economic advantages to the local area over its operational lifespan, including an estimated $70 million in payments to landowners and an additional $38 million to local governments for schools, local infrastructure, and other public services. EDP Renewables also recently pledged $1.6 million to the Town of Remington in a voluntary contribution agreement for projects that benefit local residents. The wind farm's continued development and eventual operation will spur local spending, supporting businesses within a 50-mile radius. It is expected to generate 150-200 full-time equivalent jobs during construction and around a dozen permanent operational roles.
Rein Bontreger, President of Jasper County Board of Commissioners, stated, “Jasper County is pleased to be partnering with EDPR on the Carpenter Wind project that will be located and operating in the southern region of the county." He added that the county looks forward to investing in various projects through the economic development agreement.
EDPR NA and NIPSCO have jointly delivered four other renewable energy projects in Indiana. These projects include the operational 102-MW Rosewater Wind Farm and the 302-MW Indiana Crossroads I Wind Farm, both owned by NIPSCO; the 200-MW Indiana Crossroads Solar Park, under construction and set to be owned by NIPSCO; and the 204-MW Indiana Crossroads II Wind Farm, currently under construction and due to be owned and operated by EDPR NA.
Sandhya Ganapathy, EDP Renewables North America CEO, said, “Together, we are leading the acceleration of the energy transition within the state and throughout the country."
NIPSCO plans to transition its electric generation to a more sustainable portfolio and aims to retire all remaining coal operations by 2028, resulting in a reduction of carbon emissions by over 90 percent by 2030.
Mike Hooper, NIPSCO President, commented, "The Carpenter Wind PPA is a key next step in NIPSCO’s electric generation transition to a more balanced, reliable portfolio.”
EDP Renewables is Indiana’s leading renewable energy developer and operator, with a capacity of 1,400 MW. The company's projects are enough to power more than 372,000 average homes in the state. Indiana is a key market in EDPR NA's portfolio, and the company plans to continue expanding its presence and bring additional economic benefits to local communities.