Bioenergy, Energy Efficiency, Geothermal, Hydropower, Solar, Storage, Wind Power

AEP Doubles Renewable Energy Goal to 2,000 MW

American Electric Power (AEP) is doubling its goal of adding 1,000 megawatts (MW) of renewable energy to 2,000 MW by the end of 2011. This would bring the company’s total renewable energy portfolio to more than 2,600 MW by the end of 2011. AEP has added 903 MW of wind generation since 2007, when the company committed to its original goal of adding 1,000 MW.

“Continuing to diversify our fuel mix with more renewable resources will allow us to meet our customers’ energy needs and reduce our carbon footprint,” said Michael Morris, AEP’s chairman, president and CEO. “We can support development of a lower-carbon energy future through a combination of increasing renewable energy; driving the development of a new, interstate extra-high voltage transmission system to bring that renewable energy to market; promoting energy efficiency; and further developing advanced coal technologies such as carbon capture and storage.”

AEP’s Sustainability Report, which layed out the new goal, outlines issues that affect the company’s long-term sustainability, including climate change, environmental performance, public policy, energy security and reliability. The report details AEP’s support of a federal energy policy and an economywide cap-and-trade program that will reduce greenhouse gas emissions, keep the cost of electricity reasonable for customers and foster international participation to address climate change.

AEP also set a new energy efficiency goal in 2009 to reduce consumption by 2.25 million megawatt-hours by the end of 2012. This complements a goal set in 2007 to reduce energy demand by 1,000 MW by 2012.