AEP Energy & Opdenergy To Provide 100% Clean Energy

Source: www.gulfoilandgas.com 3/31/2021, Location: North America

AEP Energy, a subsidiary of American Electric Power, has 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. "AEP Energy is proud to partner with Opdenergy to add to our growing portfolio of renewable energy resources. This project will ensure we can continue to deliver clean, reliable energy to customers who have chosen our IRE solution, while also providing valuable economic benefits to the eastern panhandle of West Virginia," said Greg Hall, president of AEP Energy.

Luis Cid, CEO of Opdenergy, stated, "We are very excited to sign this agreement with such a great partner in the US as AEP Energy. This project will be a very positive endeavor for both companies and the local community. We will continue to work to increase our position in a market as important as the United States and to contribute to the implementation and development of clean energy in the country."


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