Dive Summary:
- Dominion Resources Inc. bought Indiana's Indy Solar I, Indy Solar II and Indy Solar III projects from developer Sunrise Energy Ventures LLC.
- The three solar projects have 28.6 megawatts of capacity and will facilitate a fivefold increase in the state's amount of solar-produced energy.
- The financial terms of the deal weren't disclosed, but Dominion plans to sell the electricity to AES Corp.'s Indianapolis Power & Light under a 15-year contract.
From the article:
... Indiana has less than 7 megawatts of solar capacity installed, according to data compiled by Bloomberg and the U.S. Energy Department’s National Renewable Energy Laboratory. ...