EDF Renewables North America has signed two agreements with Indiana Michigan Power (I&M) to expand the American Electric Power (Nasdaq: AEP) subsidiary’s clean energy mix. The agreements will allow I&M to add 554 MWdc (425 MWac) of solar power to its clean energy portfolio.
Indiana’s decarbonization of the energy sector is on track with Indiana Michigan Power’s purchase of solar power from Sculpin and Lake Trout
Under the first agreement, I&M will purchase Sculpin Solar’s 236 MWdc (180 MWac) output through a 30-year power purchase agreement (PPA). The second agreement will allow I&M to purchase 100% of the equity interest in Lake Trout Solar, 318 MWdc (245 MWac), once construction activities are complete, under a purchase and sale agreement (PSA).
Eric Spigelman, Senior Director of Energy Origination and Marketing at EDF Renewables, expressed his satisfaction in partnering with I&M to help further its goal of providing carbon-free energy to its customers. Spigelman also noted that Indiana and its farmers are leading the way in decarbonizing the energy sector while revitalizing the local economy with jobs, supplier contracts, taxes and lease payments. EDF Renewables aims to showcase its first solar projects in Indiana and support I&M in its efforts to provide long-term price stability, stimulate economic growth and reduce emissions.
The importance of these projects in I&M’s ongoing transition to cleaner and more diverse energy sources
Steve Baker, I&M’s president and chief operating officer, said the Sculpin and Lake Trout projects are important steps in I&M’s ongoing transition to cleaner, more diverse energy sources.
Together, these two projects are expected to generate approximately 880,000 MWh of clean energy per year, which is equivalent to avoiding more than 624,000 metric tons of carbon (CO₂) emissions per year, or the greenhouse gas emissions of more than 135,000 passenger vehicles driven for one year.
EDF Renewables has been involved in renewable energy development for 35 years, and with 16 gigawatts of wind, solar and storage projects developed, it is one of the largest developers of renewable energy in North America. The company is committed to providing solutions to meet its customers’ carbon reduction goals and offers integrated energy solutions ranging from grid power to electric vehicle charging.
