Korsail is leasing land and building renewable energy projects across Indiana due to the variety of attractive programs allowing utility scale solar developers to sell low-cost renewable energy to local communities and utilities. A few are highlighted below.
Utility Power Purchase Agreements
Indiana utilities like Duke Energy have been active recently, releasing plans that outline their ambitious clean energy procurement goals and providing many opportunities for solar and storage projects. These goals include commitments to large quantities or solar power and energy storage paired with solar, and the acceleration of the retirement of coal plants. In addition to buying power, it’s common to see a utility purchase renewable energy credits (“RECs”).
Community Solar Opportunities
Indiana is likely to become one of the country’s next community solar states. Advantageous state solar policy is beginning to progress into informative guidelines for solar project development, with Community Solar legislation currently moving through the state house. Community Solar projects do not require large tracts of land, particularly in Indiana, with a typical project being 20-40 acres.
Public Utility Regulatory Policies Act
Renewable energy projects in Indiana can be brought online quickly, with energy rates predetermined and the process for selling the power already in place though Public Utility Regulatory Policies Act (“PURPA”). PURPA laws give developers the right to connect and sell power to utilities at the same cost they currently pay to generate it. PURPA rates are strong in Indiana and can support solar projects as small as 30 acres or as large as 500 acres.
Own Land in Indiana?
Reach out to our team for more information via the form below. Let our team of experts determine the perfect project for your land and secure a steady stream of income for you and your family’s future.
Types of Projects We Develop
Korsail develops a wide range of projects uniquely suited to each utility and piece of land. Our team has the knowledge and expertise to bring these projects to life. A few examples are below.
Solar
Korsail focuses on delivering solar to new communities in a cost effective, safe manner. Solar is a continuously developing, but commercially tested technology that can help reduce the utility’s monopoly on power generation and their reliance on Brown Fuel generators such as coal.
Storage
Korsail develops large-scale battery storge projects that enable us to offer readily available, consistent energy when and where it is most needed. As power demands and generation fluctuate throughout the day, storage projects can fill the gaps in generation and keep the lights on. Korsail is at the forefront of the country’s transition to large-scale battery storage.
Hybrid
Korsail also develops Hybrid Solar + Storage projects. We always focus on developing projects which best serve our customers and the local community. Hybrid projects allow for more consistent delivery of energy and are better for the health and stability of the local grid.