(AEP Energy, 31.Mar.2021) — AEP Energy, a subsidiary of American Electric Power, signed an agreement with Opdenergy, an Independent Power Producer with extensive experience in the development, financing, construction and operation of renewable assets.
Under the terms of the 12-year agreement, Opdenergy will develop an 80-megawatt (MWac) solar plant located in Jefferson County, West Virginia. The energy will be used to supply AEP Energy customers through the company’s Integrated Renewable Energy (IRE) solution – a long-term, fixed price retail energy option that supports new, locally-sourced wind and solar.
The plant is expected to be connected by the end of 2022. Once operational, it will generate more than 153,000 megawatt hours per year of clean energy.