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American Electric Power Ohio has inked a long-term deal that will see the company purchase all of the energy produced by a 10.08MW solar power plant that is planned to begin construction in Ohio in November 2009. The 20-year agreement with juwi subsidiary Wyandot Solar LLC adds to AEP’s existing renewables portfolio and is the first commercial solar-based acquisition.
AEP Ohio will purchase all 10.08MW of the output as well as the renewable energy credits from the Wyandot Solar facility. The new plant is to be located near an AEP substation in Salem Township, Wyandot County, Ohio, with commercial operations due to begin in the third quarter of 2010. Further information on the agreement or the cost of the acquisition was not revealed.
"This is our first agreement with a utility-scale solar facility, although we do have small solar installations on two of our buildings in Ohio," said Michael G. Morris, AEP's chairman, president and chief executive officer. "Our growing renewable portfolio has significantly diversified our fuel mix, helping us to meet our customers' energy needs while reducing our environmental impact."
