CenterPoint Energy, an Indiana-based electric company, is set to transform its power generation landscape, announcing its intention to generate 80% of its electricity from solar and wind by 2030. This ambitious plan is outlined in the company's Integrated Resource Plan, which details how it will increase its solar and wind capacities by 200MW each by 2030, with the potential need for an additional 400MW of wind resources by 2032.
To kickstart this green energy transition, CenterPoint Energy has already applied to acquire a 130MW solar PV project in Pike County, Indiana. Pending approval from the Indiana Utility Regulation Commission (IURC), the project is expected to make a significant contribution towards achieving the company's renewable energy targets.
As part of its strategy to move away from fossil fuels, CenterPoint Energy will also convert its last coal unit to natural gas by 2027, maintaining its 270 MW capacity and supplying the remaining portion of electricity generation. Currently, 85% of electricity generated for southwest Indiana customers comes from coal. However, the company is planning to end its use of Indiana coal by 2027.
“Our recommended mix of renewable and natural gas resources is expected to maintain the ability to turn on generating resources during times of greatest demand, supporting reliability, and continuing our strategy of providing cleaner electricity that meets customers' future energy needs,” said Richard Leger, senior vice president of Indiana Electric.
CenterPoint Energy's Integrated Resource Plan is a comprehensive strategy conducted every three years that seeks to provide reliable and reasonably priced electricity to its customers in southwestern Indiana. By transitioning to renewable energy sources, the company aims to reduce its carbon footprint, improve air quality, and promote sustainable energy practices.
