Recurrent Energy to market 150-MW solar project in Virginia to AEP unit
- Recurrent Energy LLC, a fully-owned unit of Canadian Solar Inc (NASDAQ: CSIQ), said today it has actually signed a deal to offer a 150-MW solar project in Virginia to Appalachian Power upon its completion.
The contract worries the Firefly Energy solar project located in Pittsylvania County, which is still awaiting specific licenses and also regulatory authorizations as well as is expected to get in the building phase in early 2023. Business operation is planned for 2024.
Appalachian Power is a unit of utility American Electric Power Company Inc (NYSE: AEP) that serves concerning 1 million customers in Virginia, West Virginia and Tennessee. Firefly will be the company's biggest solar power procurement to date, helping the utility to satisfy its clean energy requirements under the Virginia Clean Economy Act (VCEA).
On Tuesday, Appalachian Power additionally revealed strategies to buy or get near to 500 MW of wind and also solar energy ability to satisfy Virginia state mandates.
