AEP Energy Partners looks for PPAs
- American Electric Power subsidiary seeks eco-friendly energy PPAs
4 November 2020: AEP Energy Partners (AEPEP) is seeking power acquisition arrangements (PPAs) for renewable resource facilities in Texas and Ohio that are set to come online between 2021 and 2023.
The firm, which is a subsidiary of utility American Electric Power, has revealed it is looking for offtake deals of 12 years or much less for solar projects in the Electric Reliability Council of Texas (ERCOT).
For the Ohio projects, the firm is looking for PPAs of ten, 12 or 15 years for solar or wind centers. Notifications of intent to bid schedule by 13 November 2020.
AEPEP claimed it will certainly utilize the acquired offtake to sustain the company's expanding lots in Ohio as well as Texas.
Based in Columbus, Ohio, American Electric Power is intending to include more than 8.6 GW of new solar and wind capacity to serve its controlled utility customers by 2030.
