AEP unit seeks buying up to 150 MW of solar in West Virginia
- Appalachian Power, a unit of energy American Electric Power Company Inc (NYSE: AEP), is looking for to acquire up to 150 MW of solar projects in West Virginia, perhaps with battery storage capacity.
The energy, which has about a million clients in Virginia, West Virginia as well as Tennessee, on Wednesday launched a Request for Proposals (RfP) for projects that ought to enter into operation prior to December 15, 2025 and qualify for the federal government's Investment Tax Credit.
Appalachian Power intends to acquire the projects in order to meet requirements in state regulations that intends to speed up the implementation of renewable resource capacity. It will certainly await proposals by March 31, 2022.
Eligible projects must be larger than 50 MW and be linked to the PJM grid. According to the RfP, concern will be given to plans found at sites that were previously utilized for power manufacturing, industrial, making or mining procedures, shut garbage dumps and former commercial or mining locations.
The selected projects undergo governing authorization.
The RfP will certainly be Appalachian Power's 2nd one attending to the West Virginia Senate Bill 583 from 2020. The energy currently has 5.9 GW of renewable power creating capacity. It claimed previously this year its portfolio will certainly expand with about 3.3 GW of solar, 2.6 GW of energy storage as well as practically 3 GW of wind power enhancements by 2040.