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Dominion puts area solar-power projects into service

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Energy provider Dominion Resources Inc. has placed three solar-power generation projects in Indiana into service.

The Richmond, Va.-based company said Monday that the projects near Indianapolis are capable of providing enough electricity for up to 7,200 homes.

The projects have 15-year power-purchase agreements with Indianapolis Power and Light Co.

Dominion acquired the projects in July from Sunrise Energy Ventures. It is the third solar generation facility the company has placed into service this year.

Terms of the deal were not disclosed, but Sunrise put a price tag of more than $50 million on the projects earlier this year when it sought zoning approvals and government funds to help develop them.

The three projects are known as Indy Solar I, Indy Solar II and Indy Solar III. Two of the projects are located 155 acres southeast of Indianapolis in Franklin Township. The third, located southwest of Indianapolis in Decatur Township, was sited on 134 acres.

Engineering and construction firm AMEC built the three facilities.

Dominion is one of the nation's largest producers and transporters of energy and serves retail customers in 15 states.

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  • development
    wouldn't this make more sense to place these on top of large warehouses or on old brownfield sights instead of unused farmland?

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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