CenterPoint Energy has received approval from the Indiana Utility Regulatory Commission (IURC) to enter into two PPAs for an additional 335MW of solar energy.
The move forms part of the next component in the company’s long-term electric generation transition plan.
The PPAs consist of 185MW of solar power under a 15-year PPA from Oriden, which is developing a solar project in Vermillion County, Indiana.
A further 150MW of solar power comes under a 20-year PPA from Origis Energy, which is developing a solar project in Knox County, Indiana.
The 335MW from both developments are expected to supply enough power to meet the needs of more than 70,000 homes or 12,000 commercial customers each year.
CenterPoint Energy senior vice president for generation development 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 Vermillionand Knox Counties.”
The PPAs represent the next component of the company’s Smart Energy Future Plan to support stakeholder sustainability goals and implement a cost-effective, well-balanced energy mix for its 150,000 customers in southwest Indiana as outlined in its Integrated Resource Plan (IRP).
CenterPoint Energy is focused on achieving its net-zero goals for its Scope 1 greenhouse gas emissions by 2035 by building out its renewable resources.
CenterPoint Energy’s IRP includes a plan for a portfolio with nearly two-thirds of energy generated from renewable resources and includes flexible generation to meet seasonal peak loads.
In addition to the PPAs, the company previously received approval to acquire a solar array in Posey County and an additional PPA in Warrick County.