AEP to buy solar power in Ohio

subscribe

American Electric Power Co Inc signed a long-term power purchase agreement to buy all of the output of a 10.08-megawatt solar energy facility to be built in Ohio.

Through the 20-year agreement signed with Wyandot Solar LLC, a subsidiary of Germany's juwi solar Inc, AEP said in the release its Ohio subsidiary will purchase all output and renewable energy credits from the Wyandot Solar facility to be built in Salem Township in Wyandot County near an AEP substation.

Construction of the photovoltaic facility on about 80 acres of land is expected to begin in November, with commercial operation seen by mid-summer 2010, a spokesman for AEP said.

The facility will use PV modules from First Solar Inc manufactured in Perrysburg, Ohio.

AEP did not disclose terms of the agreement.

Based on an industry estimate of about $6,000 per kilowatt, a solar photovoltaic system would cost about $60 million.

AEP, of Columbus, Ohio, owns and operates more than 38,000 MW of generating capacity, markets energy commodities, and transmits and distributes electricity to more than 5 million customers in 11 states.

As the United States prepares to reduce manmade greenhouse gas emissions such as carbon dioxide, AEP is investing in renewable sources of power, energy efficiency and carbon capture and storage technologies, along with new high voltage transmission lines to transport renewable power to consumers.

AEP is one of the nation's two biggest emitters of CO2, along with Southern Co.

AEP, which generates most of its electricity by burning coal, produced about 148 million metric tons of CO2 in 2008. The U.S. electric power sector produced about 2.4 billion metric tons of CO2 (about 2 billion metric tons from coal-fired generation) in 2008, about 41 percent of nation's total CO2 emissions.

The Wyandot agreement is AEP's first for commercial solar energy in its growing renewable portfolio. AEP's wind energy portfolio currently is 1,783 MW, including 310 MW of wind generation owned and operated by AEP in Texas and 1,473 MW of wind energy acquired through long-term power purchase agreements.

On June 1, AEP issued a request for proposals seeking long-term purchases of up to 1,100 MW of additional renewable energy resources as part of its goal to add 2,000 MW of new wind or other renewable energy by the end of 2011.

Related News

oyster creek nuclear plant

Cost of US nuclear generation at ten-year low

WASHINGTON - Average total generating costs for nuclear energy in 2017 in the USA were at their lowest since 2008, according to a study released by the Nuclear Energy Institute (NEI).

The report, Nuclear Costs in Context, found that in 2017 the average total generating cost - which includes capital, fuel and operating costs - for nuclear energy was USD33.50 per megawatt-hour (MWh). This is 3.3% lower than in 2016 and more than 19% below 2012's peak. The reduction in costs since 2012 is due to a 40.8% reduction in capital expenditures, a 17.2% reduction in fuel costs and an 8.7%…

READ MORE
carbon free future

Minnesota bill mandating 100% carbon-free electricity by 2040

READ MORE

Ontario plunging into energy storage

Ontario plunging into energy storage as electricity supply crunch looms

READ MORE

manitoba power lines

Tories 'taking the heart out of Manitoba Hydro' by promoting subsidiaries, scrapping low-cost pledges: NDP

READ MORE

china hydropower

China to build 525-MW hydropower station on Yangtze tributary

READ MORE