SWEPCO seeking authority to purchase 200MW solar project in Louisiana
- United States utility Southwestern Electric Power Company (SWEPCO) has actually looked for authorization from Louisiana's regulators to get a solar project because state.
Situated in Caddo Parish, the 200MW solar PV is being created by Invenergy and also is expected to be functional by the end of 2025.
Together with the solar park in Louisiana, the American Electric Power (AEP) subsidiary has actually also sought authorization to acquire 2 wind projects from Invenergy in Arkansas and also Texas with a total capacity of 799MW.
Total investment for the 3 renewable projects stand for US$ 2.2 billion, with the energy anticipating to provide an additional request for proposal (RFP) in the near future.
Nicholas K. Akins, CEO and chairman at AEP, claimed: "This financial investment is an additional key step in SWEPCO's efforts to secure renewable, budget-friendly power as well as accomplish a much more balanced fuel mix."
This would not be the first solar purchase SWEPCO has actually made in Louisiana this year, as last February it signed a PPA with solar programmer and driver D. E. Shaw Renewable Investments (DESRI) for a total capacity of 72.5 MW, which is expected to come online in late 2024.
Additionally, AEP has been aiming to add north of 16GW of renewable energy to its portfolio by 2030, which would certainly stand for 50% of total capacity of the company.
