US-based American Electric Power (AEP) subsidiary AEP Energy has signed a 400MW power purchase agreement (PPA) with a Copenhagen Infrastructure Partners (CIP) affiliate.

As per the terms of the PPA, AEP Energy will supply renewable energy from Panther Grove Wind Energy facility located in Woodford County, Illinois.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AEP Energy president Greg Hall said: “AEP Energy is focused on providing customers with integrated, carbon-free energy supplies that deliver long-term price stability and environmental benefits.

“Agreements like the one with CIP demonstrate the innovative energy solutions we can put in place to help our customers power their homes and businesses with clean, reliable energy.”

Construction work on the Panther Grove wind facility will begin early next year, bringing it online in late 2022.

The energy generated will serve customers such as Google, and its New Albany data centre in Ohio. The plant will support the company’s electricity requirements with 100% renewable energy.

AEP Energy provides electricity and natural gas solutions, operating in 28 service territories in six states and Washington, DC. It supplies solutions for more than 500,000 residential and business customers.

Last July, AEP’s companies including Public Service of Oklahoma (PSO) and Southwestern Electric Power (SWEPCO) unveiled plans to acquire three wind projects in Oklahoma.

The projects included a 999MW wind facility near Weatherford and a 287MW facility southwest of Enid. The third facility has a 199MW capacity and is located southwest of Enid.