Nicholas Okay. Akins
Southwestern Electric Power Co. (SWEPCO), a subsidiary of American Electric Power (AEP), is including three renewable energy tasks totaling 999 MW, representing a $2.2 billion funding.
SWEPCO expects to difficulty one other request for proposal (RFP) within the close to time period for extra renewable energy in keeping with the corporate’s built-in useful resource plan for its energy and capability wants.
SWEPCO is in search of approval from regulators in Arkansas, Louisiana and Texas to amass the 200 MW Mooringsport solar undertaking in Caddo Parish, La.; the 200.6 MW Diversion wind undertaking in Baylor County, Texas; and the 598.4 MW Wagon Wheel wind undertaking in Logan, Garfield and Noble counties, Okla.
Invenergy is growing the three tasks. Diversion is predicted to achieve business operation in December 2024. Mooringsport and Wagon Wheel are anticipated to return on-line in December 2025. The solar and wind tasks have been recognized by means of a aggressive bidding course of. Following state regulatory approvals, AEP will file with the Federal Energy Regulatory Commission for approval to switch the tasks from Invenergy.
“This investment is another key step in SWEPCO’s efforts to secure renewable, affordable energy and achieve a more balanced fuel mix,” says Nicholas Okay. Akins, AEP’s chairman, president and CEO. “AEP remains focused on adding approximately 16 gigawatts of regulated renewables to our generation portfolio by 2030 and reaching net-zero carbon emissions by 2050.”
SWEPCO’s long-term plan requires greater than one-third of its Southwest Power Pool accredited capability to be glad with wind and solar sources. In February, SWEPCO introduced plans so as to add 72.5 MW of solar energy by means of a power buy settlement with the proposed Rocking R Solar undertaking in northwest Louisiana. SWEPCO and sister firm Public Service Company of Oklahoma additionally personal and function the 1,484 MW North Central Energy Facilities in north central Oklahoma. The undertaking contains 199 MW Sundance, 287 MW Maverick and 998 MW Traverse wind tasks.