COLUMBUS, Ohio, Aug. 18, 2020 /PRNewswire/ -- American Electric
Power's (NYSE: AEP) competitive renewable energy subsidiary, AEP
Renewables, has completed the purchase of Invenergy's 20.1%
interest in the Desert Sky and Trent
Mesa wind facilities in Texas. AEP Renewables and Invenergy have
jointly owned the facilities since 2018. The terms of the
transaction are not being disclosed for competitive reasons.
AEP Renewables now owns the full capacity of the 170 MW Desert
Sky facility located near Iraan,
Texas, and the 156 MW Trent Mesa facility, located between
Abilene and Sweetwater in west Texas. Both facilities were built in the early
2000s and repowered in 2018.
"AEP Renewables is focused on developing and operating renewable
generation facilities to help meet the long-term, clean energy
goals of utilities, electric cooperatives, municipalities and
corporate customers. With the full capacity of Trent Mesa and Desert Sky, AEP Renewables can
better support the increasing demands of its expanding renewable
customer base," said Greg Hall,
president, AEP Renewables.
AEP Renewables also is in the construction phase of building the
128 MW Flat Ridge 3 wind facility in Kingman County, Kansas. When complete, Flat
Ridge 3 will increase AEP Renewables' clean energy portfolio to
1,495 MW.
AEP Renewables, with offices in Columbus, Ohio, and San Diego, is a wholly owned subsidiary of
AEP. AEP Renewables currently owns and operates 1,367 megawatts of
large-scale wind, solar and energy storage in 11 states and has an
active development pipeline across the U.S. AEP Renewables sells
renewable energy through long-term contracts with utilities,
electric cooperatives, municipalities and corporate customers. For
more information, visit www.aeprenewables.com.
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 nearly 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 30,000 megawatts of diverse generating capacity,
including 5,200 megawatts of renewable energy. 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