The North Indiana Public Services Company has announced it will postpone the decommissioning of two coal-generating facilities until 2025 due to uncertainty and delays caused by a DOC investigation into manufacturers of solar cells and modules in four southeast. Asian countries.
The North Indiana Public Service Company (NIPSCO) announced in its financial results for the first quarter of 2022 that due to uncertainty and delays introduced to the solar panel market by the Department of Commerce (DOC) investigation against solar cell and module manufacturers in four South countries -East Asia. , it will postpone the closure of two coal-fired generating stations from 2023 to 2025.
PARAMETERS: NIPSCO announced today that it is postponing the decommissioning of coal-fired plants scheduled for 2023 until 2025 due to chaos in the Commerce Solar Tariff Investigation, which has delayed the completion of many of its solar projects in Indiana.
– Ben Inskiep (@Ben_Inskeep) May 4, 2022
According to NIPSCO, most solar projects that were originally scheduled to be completed in 2022 and 2023 will have delays of about 6 to 18 months. The utility company still expects to decommission the entire coal generation by 2026-2028, including the Michigan City generating station, and the investigation has not yet changed the retirement schedule for the facility. NIPSCO also shares that it is on track to achieve its environmental goals, including a 90% reduction in Scope 1’s greenhouse gas emissions relative to 2005 levels by 2030 and a 50% reduction in methane emissions from pipelines and 2005. services until 2025.
Indiana was one of 13 states in the latest publication of the Solar Industry Association a survey of the impact of an investigation against circumvention to 100% of respondents shared that they have a delay or cancellation of the supply of modules. He also joined Idaho as two states to have respondents report that 100% of the state’s conveyor belt development has been postponed by a DOC investigation.
Those who responded to the SEIA survey with data from specific projects noted that so far 3.6 GW of solar projects have been postponed or canceled as a result of the investigation, fourth among all states in the country. According to SEIA, each GW of canceled projects is about $ 1 billion of investments at risk. As of the end of 2021, SEIA predicts that Indiana will add 6.7 GW of solar energy over the next 5 years, meaning more than half of that pipeline is already under threat.
Overall, the uncertainty of the NIPSCO project is about $ 2 billion in deferred investment, and the only real certainty in the situation is that customer accounts will grow soon.
Solar projects were going to lead to huge cost savings for customers. Now NIPSCO customers will have bigger bills due to expensive coal prices and delayed retirement of coal plants. Coal prices for the Illinois Basin rose 250%. pic.twitter.com/zvinf8byiG
– Ben Inskiep (@Ben_Inskeep) May 4, 2022
In the U.S. as a whole, 42% of the known solar pipeline has been broken, meaning it is increasingly likely that other utilities will have to look for alternative sources to meet generation needs that have had to be met so far. -deferred solar installations.
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https://pv-magazine-usa.com/2022/05/04/solar-tariffs-led-directly-to-delay-of-coal-plant-retirements/
