AEP to invest in 1.5 GW of US wind projects
American Electric Power Inc announced that its Public Service Co. of Oklahoma (PSO) and Southwestern Electric Power Co. (SWEPCO) companies are seeking regulatory approvals to purchase three wind projects, totaling 1,485 MW, that are currently under development in Oklahoma.
The projects include a 999-MW wind facility being built north of Weatherford, a 287-MW wind facility being built southwest of Enid, and a 199-MW facility being built south of Alva. They are being developed by Invenergy. These projects were selected after competitive Request for Proposals to procure low-cost wind generation options for PSO and SWEPCO customers. The 199-MW project is projected to be completed by the end of 2020. The other projects will be completed by the end of 2021. Collectively, the three wind projects would provide more than 5.7 million megawatt-hours of new wind energy annually to serve customers in Arkansas, Louisiana, Oklahoma and Texas.
If approved, total investment in the wind projects would be nearly USD 2 billion, inclusive of all costs. Adding this generation is expected to save SWEPCO and PSO customers approximately USD 3 billion, net of cost, over 30 years.
If approved as proposed, SWEPCO would own 810 MW of wind generation, approximately 55% of the projects. PSO would own 675 MW of wind generation, approximately 45% of the projects. The projects are subject to regulatory approvals in Arkansas, Louisiana, Oklahoma and Texas, as well as from the Federal Energy Regulatory Commission. The amount of generation acquired by PSO or SWEPCO can be scaled, subject to commercial limitations, to align with individual state resource needs as determined by the respective state commissions.
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July 11, 2019
Financial close for 243 MW onshore wind project in the USA
Longroad Energy, a US-based renewable energy developer, owner and operator, has announced the financial close and start of construction of its El Campo wind farm in Knox County, Texas. The two Danish pension funds PKA and PenSam, represented by their investment manager AIP, also became long-term investors alongside Longroad.
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July 10, 2019
PPA deal for 200 MW solar project in the USA
EDF Renewables North America has signed a Power Purchase Agreement (PPA) deal with NV Energy for the Arrow Canyon Solar Project. The project features 200 megawatts (MWac) photovoltaic park with 75 MW-5hr battery storage and is located in Clark County, Nevada. It is expected to begin delivery of clean electricity in December 2022.
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June 26, 2019
Developer selected for US largest offshore wind farm
New Jersey Board of Public Utilities (NJBPU) has awarded Ørsted as the preferred bidder for the New Jersey’s first large-scale offshore wind tender with a 1.1 GW project named "Ocean Wind". It will be the first offshore wind farm in the US to cross the 1 GW mark. The NJBPU unanimously voted for Ørsted´s project.
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June 21, 2019
World’s Largest Renewable Energy Storage Project in USA
Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development announced an initiative to launch the Advanced Clean Energy Storage (ACES) project in central Utah. In the world’s largest project of its kind, the ACES initiative will develop 1,000 megawatts of 100 percent clean energy storage, thereby deploying technologies and strategies essential to a decarbonized future for the power grid of the Western United States.
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June 20, 2019
400 MW PPA approved for the offshore wind farm in the USA
The Rhode Island Public Utilities Commission unanimously approved the 20-year PPA between Danish offshore wind company Ørsted and the US-based energy company Eversource with the natural gas and electricity provider National Grid. The PPA is for 400 MW in wind power capacity from the 704 MW Revolution Wind offshore wind project.
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