Duke Energy to begin purchasing solar power for Indiana customers

Duke Energy Sign

The Indiana Utility Regulatory Commission has approved Duke Energy’s (NYSE: DUK) 20-year agreements with two solar developers to purchase up to 20 MW of solar power for its Indiana customers.

The developers will build and operate four solar projects, each producing up to 5 MW of power. The projects include:

  • Pastime Farm in Clay County, developed by Cypress Creek Renewables;
  • McDonald Solar in Vigo County, developed by Cypress Creek Renewables;
  • Sullivan Solar in Sullivan County, developed by Cypress Creek Renewables; and
  • Kokomo Solar 1 in Howard County, developed by Inovateus Solar.

The projects in Clay and Vigo counties are expected to provide energy by the end of 2015. The Sullivan and Howard county projects are expected to be operational before June 2016.

By adding solar generation to its Indiana power resources, the company will gain experience in contracting and interconnecting with utility-scale solar facilities. The projects are part of a 2013 environmental settlement between Duke Energy Indiana and consumer groups to pursue more green energy sources.

Duke Energy Indiana’s operations provide about 7,500 MW of owned electric capacity to approximately 810,000 customers in a 23,000-square-mile service area, making it the state’s largest electric supplier.

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