View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 2, 2020updated 18 Aug 2020 4:55am

AEP Energy signs power purchase agreement with CIP affiliate

AEP Energy has signed a 400MW power purchase agreement with a Copenhagen Infrastructure Partners affiliate.

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

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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

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.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology