AEP Energy Partners trying to find new solar, wind PPAs
- AEP Energy Partners (AEPEP), part of US utility American Electric Power Company Inc (NYSE: AEP), is wanting to authorize power purchase agreements (PPA) for power from new solar projects and also wind projects in two grid zones.
The retail power and also gas vendor last week released a request for proposals (RfP) for off-take take care of new as well as existing solar as well as wind parks in the PJM service area. The target period of the contracts connected to new schemes is 10, 12 or 15 years, while for existing plans it will certainly vary between 5 and also 15 years, consisting of for re-powering wind sites.
Additionally, the company is seeking to procure electrical energy from new photovoltaic or pv (PV) farms in ERCOT for 12 years or much less.
Interested celebrations are welcomed to submit a notice of intent to bid by December 30, 2022. Proposals will be accepted by January 13, 2023, and will be shortlisted in the following month.
According to the RfP record, the AEP unit is open to obtaining deals for projects with any business procedure day.
The solicitation becomes part of AEPEP's plan to respond to the growing retail and wholesale lots in Texas and Ohio. The contracted power volumes will certainly likewise be made use of for the city of Columbus' area choice gathering programme.
