American Electric Power (NYSE: AEP), through its AEP Ohio unit, has signed a 20-year power purchase agreement to purchase all the output of a 10.08-megawatt (MW) solar energy facility to be built in Ohio.
AEP Ohio will purchase all of the output and renewable energy credits from the Wyandot Solar facility to be built in Salem Township, Ohio by Wyandot Solar LLC, a subsidiary of juwi solar Inc.
Construction of the solar facility is expected to begin in November, and commercial operation is expected by mid-summer 2010. Terms of the agreement were not disclosed.
The agreement is AEP’s first for commercial solar energy in the company’s renewable portfolio. AEP’s wind energy portfolio currently is 1,783 MW, including 310 MW of wind generation owned and operated by AEP in Texas and 1,473 MW of wind energy acquired through long-term power purchase agreements.
On June 1, AEP issued a request for proposals seeking long-term purchases of up to 1,100 MW of additional renewable energy resources as part of the company’s goal to add 2,000 MW of new wind or other renewable energy by the end of 2011.
Juwi is a German renewable energy developer. In February, Juwi and Segro plc (SGRO.L), one of Europe’s leading property investment and developing companies, agreed on long-term cooperation for rooftop solar installations.
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