AEP Invests $2 Billion in Wind Projects to Serve Customers in Arkansas, Louisiana and Oklahoma

American Electric Power | July 03, 2020

While the Public Utility Commission of Texas today denied approval of Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 megawatts (MW) of wind energy to serve Texas customers, American Electric Power (NYSE: AEP) has received the other regulatory approvals needed to acquire the entire planned 1,485 MW of North Central wind generation. AEP is investing approximately $2 billion to bring new renewable energy to Public Service Company of Oklahoma (PSO) customers and SWEPCO customers in Arkansas and Louisiana.

Spotlight

New Zealand’s renewable energy resources are amongst the best in the world. In 2015, more than 80 percent of our electricity was generated by hydro, geothermal or wind resources2. We have significant bioenergy, solar and marine energy potential. In this respect, we are well ahead of other countries. Our electricity system only represents about 25 percent of consumer energy demand,3 and six percent of our gross emissions4.

Spotlight

New Zealand’s renewable energy resources are amongst the best in the world. In 2015, more than 80 percent of our electricity was generated by hydro, geothermal or wind resources2. We have significant bioenergy, solar and marine energy potential. In this respect, we are well ahead of other countries. Our electricity system only represents about 25 percent of consumer energy demand,3 and six percent of our gross emissions4.

Related News

SOLAR+STORAGE

ForeFront Power Announces Commercial Operation on Solar Energy Project

ForeFront Power | February 10, 2021

ForeFront Power, a main developer of distributed solar and energy stockpiling projects in the U.S., today announced commercial activity of the biggest solar undertaking in Kane County, Ill. With 7,384 boards, the 2.8-megawatt project conveys power to the Mooseheart Child City and School (Mooseheart), a non-benefit private childcare office for kids and adolescents out of luck. The undertaking made in excess of 44 positions during the development and activity stages. The Mooseheart solar task got motivations through the state's Adjustable Block Program (ABP), which was set up by the Future Energy Jobs Act to help the improvement of new photovoltaic distributed age and local area solar ventures in Illinois. While the program has been fruitful in creating new clean power in the express, the subsidizing for the program has been depleted and should be restored for the state to see continuous development in the area. "Industries that create jobs in Illinois should stay in Illinois," said Rep. Keith Wheeler of Illinois' 50th district. "The Mooseheart solar project is a testament to the job creation engine that solar energy has become in our state over the past few years as a result of the Future Energy Jobs Act. The Mooseheart organization is a treasure in the Fox Valley for a long list of reasons, and their leadership of building one of the largest solar projects in our local area is just the latest example of why." "Since we are a non-profit organization funded through the generosity of donors, every dollar counts. We are very pleased to partner with ForeFront Power in this opportunity to demonstrate strong fiscal stewardship, and with the money saved over the next 25 years of the solar project's life, we'll be able to reinvest those dollars into other programs in order to better serve our youth," said executive director of Mooseheart, Gary Urwiler. "We understand that clean air and a healthy environment are linked to a child's potential for success, so it aligns squarely within our mission to offset 114 million pounds of carbon emissions with this energy project, directly contributing to cleaner air and a better overall environment for the young children and teens we serve every day." "Mooseheart Child City & School is an organization with an inspiring mission to care for and educate youth in need," said Chris Wall, director of construction for ForeFront Power. "The ForeFront Power team was honored to build this project to help Mooseheart save money and demonstrate energy leadership." Mooseheart's solar task is a solitary ground-mounted venture sited on a 1,000-section of land grounds found 38 miles west of Chicago. Reformist Energy Group of Aurora, Ill., helped Mooseheart Child City and School source this perfect power bargain and supervised the undertaking from beginning to fulfillment. SolAmerica filled in as ForeFront Power's designing, obtainment, and development (EPC) accomplice on the Mooseheart project. About ForeFront Power ForeFront Power is a leader in the United States for solar and energy storage solutions. The ForeFront Power team holds more than a decade of experience working together across nearly one gigawatt-DC (GW) of renewable electricity, spanning more than 1,300 distributed generation and community solar projects. Serving business, the public sector, and community solar customers in the U.S. and Mexico, ForeFront Power is headquartered in San Francisco, with offices in New York City and Mexico City. ForeFront Power is a wholly owned subsidiary of Mitsui & Co. Ltd., a global energy infrastructure and investment leader with a robust balance sheet and an "A" credit rating from Standard & Poor's.

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SUSTAINABILITY

Array Technologies Partners with RP Construction Services Sign 1GW purchase Agreement

Array Technologies | December 01, 2020

Array Technologies, Inc. today declared it has gone into a consent to gracefully 1GW of DuraTrack® HZ v3 single-pivot sun oriented trackers to RP Construction Services, Inc. Conveyances under the arrangement are required to start this December and proceed through the finish of 2021. RPCS gives configuration construct administrations to little and medium-sized ground-mounted sun based energy ventures over the U.S. what's more, is the main contractual worker for sun based energy ventures under 25 MWs. "The underwriting of the portion driving temporary worker for circulated energy ventures underscores both the strength of our item offering and the worth our trackers can make for tasks, all things considered. The little utility, civil, medium-sized business and network sun oriented business sectors are developing quickly, and working together with RPCS to address this portion of the market should additionally quicken our development in the U.S. I am additionally satisfied that this request follows on the Lightsource bp buy understanding declared recently, making it the second request more than 1 GW that we have gotten in the previous 30 days," said Jim Fusaro, Chief Executive Officer of Array. “We are incredibly excited about expanding our relationship with Array. They have the best system in the marketplace in terms of ease of installation, reliability, and durability. We have more than tripled the size of our company with their products over the past three years, and we look forward to continuing that growth with this agreement,” said Eb Russell, Chief Executive Officer of RPCS. About Array Technologies, Inc. Array Technologies is a leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the world's largest manufacturers of ground-mounting systems. With efficient installation and terrain flexibility coupled with high reliability, durability, and performance, Array delivers a lower levelized cost of energy. The Company's focus on innovation, combined with its customer-centric approach, has helped achieve some of the industry's best returns. Array Technologies is headquartered in the United States with offices in Europe, Central America, and Australia. Contact us at arraytechinc.com or view our LinkedIn page. About RPCS RPCS provides turnkey design and installation services for ground-mounted solar energy projects in the U.S. with a focus on the distributed generation market. The Company has completed more than 700 projects, representing 2 GW of generation capacity, since 2015. RPCS combines a team-oriented culture that values all employees with innovative, tech-enabled work practices to deliver projects of all sizes on-spec and on-time.

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SOLAR+STORAGE

Summit Ridge Energy Holds Ribbon Cutting for Nation's Largest Rooftop Community Solar Array

Summit Ridge Energy | December 01, 2021

Summit Ridge Energy held a ribbon cutting ceremony to celebrate completion of the nation's largest rooftop community solar project. The 9.2 MW solar project, operated by SRE and jointly owned with Annapolis-based climate investment firm Hannon Armstrong, is located in Carroll County, Maryland on a large commercial warehouse owned by STAG Industrial. Black Bear Energy facilitated the partnership between SRE and STAG while Powerflex provided engineering, procurement and construction services for the project. Once operational, the community solar project will provide monthly energy savings to approximately 1,300 residential and small commercial customers located across the state. This is a marquee project for Summit Ridge, our capital partners at Hannon Armstrong and the entire community solar industry. Leveraging 23 acres of largely unused roof space to generate energy savings for thousands of Marylanders is precisely the direction our nation's energy generation strategy needs to head." Steve Raeder, CEO, Summit Ridge "This solar project resulting from the partnership of Summit Ridge Energy and STAG Industrial is an excellent example in alignment with Governor Hogan's roadmap of deploying renewable energy on available rooftop or brownfield space," said Dr. Mary Beth Tung, Director of the Maryland Energy Administration. "Clean energy from this installation will benefit the local economy and create opportunities for a wide variety of organizations and residents." SRE's rooftop community solar portfolio across the state has grown to over 75 MW's, enough to power nearly 11,000 homes. Nearly one-third of the projects will serve low-to-moderate income ("LMI") customers, highlighting the industry's unique ability to provide renewable energy savings to Americans of all socioeconomic backgrounds. The recent expansion of Maryland's Community Solar Pilot Program is evidence of community solar's rapid growth within the broader renewable energy space, as is Department of Energy's October announcement of a National Community Solar Partnership target of 26 GW by 2025, enough to power the equivalent of five million homes and create $1 billion in annual energy savings. About Summit Ridge Energy Summit Ridge Energy is the country's leading owner-operator of community solar assets. Through dedicated funding platforms, the team acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors.

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