American Electric Power subsidiary seeks solar result in PJM area

Aug 4, 2020 02:20 PM ET
  • American Electric Power is looking to buy power from new solar plants situated in the PJM powerpool location, a regional transmission organisation for United States 13 states and the District of Columbia.
American Electric Power subsidiary seeks solar result in PJM area
Image. Gerry Machen/Flickr

The US utility's AEP Energy Partners (AEPEP) subsidiary is seeking renewable resource purchase contracts of 10, 12 or 15 years for centers starting procedures in between 2020 as well as 2023. Nonetheless, proposals with alternate terms will certainly be accepted.

Interested celebrations need to send their intent to bid by 13 August and also send out proposition plans by 28 August.

PJM Interconnection collaborates the activity of wholesale electrical power in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

AEPEP will certainly utilize the acquired offtake to support the company's expanding retail and also wholesale tons in PJM, including a long-lasting retail supply arrangement with Google and the Columbus Regional Airport Authority.

American Electric Power's resource plans consist of adding greater than 8,600 MW of new solar and also wind generation to serve its regulated utility clients by 2030. Between 2019 as well as 2023, the business plans to spend roughly US$ 2.2 billion in acquired renewables as well as renewables incorporated with power storage.

Last year, the utility changed its 2030 reduction in co2 discharges target to 70% from 2000 levels, up from the previous aspiration of 60%. The firm said it is "confident" it will certainly cut carbon dioxide emissions by greater than 80% from 2000 levels by 2050.

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