COLUMBUS, Ohio, July 1, 2020 /PRNewswire/ -- American
Electric Power's (NYSE: AEP) AEP Energy subsidiary has signed a
long-term power purchase agreement with an affiliate of Copenhagen
Infrastructure Partners (CIP) for the output of 400 megawatt (MW)
of renewable energy from Panther Grove Wind Energy Facility in
Woodford County, Illinois.
Construction of Panther Grove is scheduled to begin in early
2021, with commercial operation expected in late 2022.
AEP Energy will use the power from Panther Grove to serve
customers, such as Google, who want clean energy for their retail
supply. The Panther Grove project will contribute renewable power
for Google's New Albany, Ohio,
data center, which AEP Energy will supply and match their load on
an annual basis with 100% renewable energy from new resources.
"AEP Energy is focused on providing customers with integrated,
carbon-free energy supplies that deliver long-term price stability
and environmental benefits. Agreements like the one with CIP
demonstrate the innovative energy solutions we can put in place to
help our customers power their homes and businesses with clean,
reliable energy," said Greg Hall,
president, AEP Energy.
AEP Energy, a subsidiary of American Electric Power (NYSE: AEP),
is a certified competitive retail electricity and natural gas
supply provider operating in 28 service territories in six states
and Washington, D.C. AEP Energy
supplies electricity and natural gas solutions for over 500,000
residential and business customers and takes pride in making it
easy for customers to buy, manage and use energy. Based in
Columbus, Ohio and Chicago, Illinois, AEP Energy is committed to
excellence by delivering value, innovative energy solutions and
excellent customer service.
American Electric Power, based in Columbus, Ohio, is focused on building a
smarter energy infrastructure and delivering new technologies and
custom energy solutions to our customers. AEP's approximately
17,400 employees operate and maintain the nation's largest
electricity transmission system and more than 221,000 miles of
distribution lines to efficiently deliver safe, reliable power to
nearly 5.5 million regulated customers in 11 states. AEP also is
one of the nation's largest electricity producers with
approximately 31,000 megawatts of diverse generating capacity,
including more than 5,200 megawatts of renewable generation. AEP's
family of companies includes utilities AEP Ohio, AEP Texas,
Appalachian Power (in Virginia and
West Virginia), AEP Appalachian
Power (in Tennessee), Indiana
Michigan Power, Kentucky Power, Public Service Company of
Oklahoma, and Southwestern
Electric Power Company (in Arkansas, Louisiana and east Texas). AEP also owns AEP Energy, AEP Energy
Partners, AEP OnSite Partners, and AEP Renewables, which provide
innovative competitive energy solutions nationwide.
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SOURCE American Electric Power