I&M Seeks Proposals for Solar, Wind Projects
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Fort Wayne-based Indiana Michigan Power is looking to add to its renewable energy portfolio. The utility has issued a Request for Proposals for facilities that will generate about 800 megawatts of wind energy and about 500 MW of solar power.
The RFP calls for solar projects within Indiana and/or Michigan, while wind projects can be in those states as well as Illinois or Ohio.
“This RFP is designed to provide qualified developers the opportunity to bring forward wind and solar projects that can be used to serve Indiana Michigan Power customers,” said Dave Lucas, I&M vice president for regulatory and finance. “These new resources will combine with I&M’s existing generation to provide an even more diversified and flexible generation portfolio that will stabilize energy costs over time, stimulate economic growth, reduce emissions and take advantage of new technologies.”
The utility says the resources being sought align with its Powering the Next Tomorrow plan. I&M expects some of the new renewable resources to be online by as early as the end of 2024 and the full 1,300 MW to be online as early as the end of 2025.
Bids are due April 21, and I&M says it plans to have contracts with the developers by the end of this year.
I&M currently operates five solar farms and purchases power from four Indiana wind farms.