Ohio, United States [RenewableEnergyWorld.com] American Electric Power operating units have signed power purchase agreements for wind energy totaling approximately 250 megawatts (MW). The power will serve customers in Indiana, Michigan, Ohio, Virginia and West Virginia. With these new agreements, AEP has contracted for 903.4 MW of wind generation capacity since 2007, when the company committed to adding 1,000 MW of renewable wind energy to its generation mix by 2011.
AEP’s Appalachian Power unit has contracted to purchase 100.5 MW from a wind farm in LaSalle County, Illinois, that is being developed by Invenergy Wind LLC. AEP Ohio will purchase 100 MW from a wind farm in Benton County, Indiana, that is being developed by BP Wind Energy. AEP’s Indiana Michigan Power unit will purchase another 50 MW from the same wind farm in Benton County. All of the power purchase agreements are for 20 years. Pricing terms are confidential.
“Since we built the first utility-scale wind farm in Texas nearly 14 years ago, AEP has supported the development of renewable generation to help diversify the U.S. electricity generation mix and reduce greenhouse gas emissions,” said Michael Morris, AEP chairman, president and CEO. “We have been able to effectively execute our aggressive plan to add 1,000 MW of wind energy to serve our customers in just a few years due to the rapid growth in U.S. wind projects. That growth has been fueled, in part, by federal tax credits that support renewable energy development. Those credits should be extended, as proposed in the current economic stimulus plan, to encourage renewable energy developers and equipment manufacturers to make additional investments in facilities that will support the U.S. economy.”