EDF Renewables Signs Agreement with Indiana Michigan Power for Solar Energy Projects
EDF Renewables North America announced two agreements with Indiana Michigan Power (I&M), a subsidiary of American Electric Power (AEP), by which I&M will add 554 MWdc (425 MWac) of solar energy to its clean energy mix.
April 10, 2023. By News Bureau
I&M will purchase the output from Sculpin Solar, 236 MWdc (180 MWac) under a 30-year Power Purchase Agreement (PPA); and will purchase 100% of the equity interests in Lake Trout Solar, 318 MWdc (245 MWac) following completion of construction activities under a Purchase and Sale Agreement (PSA).
“We are very pleased to partner with I&M and to contribute to its goal of delivering carbon-free energy to its customers,” said Eric Spigelman, Senior Director, Origination & Power Marketing at EDF Renewables. “Indiana and its farmers are taking the lead to decarbonize the energy sector, while also revitalizing the local economy with jobs, vendor contracts, taxes, and lease payments. We are excited to bring EDF Renewables first solar projects to Indiana and to support I&M as it delivers long-term price stability, stimulates economic growth, and reduces emissions.”
“Indiana Michigan Power is looking forward to partnering with EDF Renewables to generate more clean energy to power our customers’ homes and businesses,” said Steve Baker, I&M President and Chief Operating Officer. “The Lake Trout and Sculpin projects are important steps in I&M’s continued transition to cleaner, more diverse energy sources.”
Combined, these two projects are expected to generate approximately 880,000 MWh of clean energy annually.
This is equivalent to avoiding over 624,000 metric tons of carbon (CO₂) emissions annually which represents the greenhouse gas emissions from over 135,000 passenger vehicles driven over the course of one year.
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