Vectren, owner of utility firms in the US states of Indiana and Ohio, has unveiled plans to ditch more than 700 MW of coal generation and partly replace it with up to 1 GW of solar PV. Those plans, detailed within the utility’s Integrated Resource Plan (IRP), could see new solar arrays paired with battery energy storage in a bid to save consumers served by Vectren up to US$320-million over the next 20 years. On top of saving consumers some US$320 million over the 20-year planning period, the shift in generation will also reduce carbon emissions from Vectren’s operations by nearly 75%.
The company recently presented its preferred portfolio as part of a plan to diversify and decarbonise its fleet of electricity generators over the coming years. Under that plan, nearly two-thirds of power will originate from renewable sources, replacing fossil fuel generators that are either retiring or Vectren will create exit agreements for.
Lynnae Wilson, chief business officer at Indiana Electric, said the plan would be finalised over the coming months but noted the need for flexibility given “ever-advancing technology in a rapidly evolving industry.” Wilson added that the company will pursue a far higher percentage of renewable energy, as well as continuing to offer energy efficiency programmes to help customers use energy wisely.
This article was first published by PV-Tech and is republished here with permission
Contact Liam Stoker, PV-Tech, email@example.com