AEP Renewables completes acquisition of 75% stake in in 227 MW Santa Rita East wind project
AEP Renewables, a subsidiary of American Electric Power (AEP), has completed the purchase of 75 percent stake in 227 megawatts (MW) of the Santa Rita East Wind Project, which is located approximately 70 miles west of San Angelo, Texas, from Invenergy Renewables LLC.
Invenergy will retain a 25-percent ownership in the project.
Long-term virtual power purchase agreements (VPPAs) are in place with Grupo Bimbo, Merck, and Novartis for AEP Renewables’ share of the Santa Rita East Wind Project generation.
Country updates
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August 07, 2019
Tesla introduces Megapack: utility-scale energy storage
To match global demand for massive battery storage projects like the lithium-ion battery in Hornsdale, South Australia, Tesla designed and engineered a new battery product specifically for utility-sca...
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August 07, 2019
US Solar Fund enters agreement with Longroad Energy Partners for Milford Solar Project acquisition
US Solar Fund Plc has entered into an agreement with Longroad Energy Partners for the acquisition of the 128 MWdc solar project in Utah for an undisclosed amount. The Milford Solar Pr...
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August 06, 2019
redT energy plans merger with Avalon Battery Corporation
UK energy storage firm redT energy plans to merge with US company Avalon Battery Corporation. The two companies have entered a non-binding Memorandum of Understanding (MoU) that sets...
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August 06, 2019
Ameren, EDF canceled the development of 157 MW Brickyard Hill wind project in Missouri
Ameren Missouri, a subsidiary of Ameren Corporation, has announced that it has mutually agreed with EDF Renewables, Inc. to terminate the development of an up to 157 MW wind facility in ...
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August 06, 2019
I Squared Capital enters into exclusive, strategic partnership with Twenty First Century Utilities
I Squared Capital, through its ISQ Global Infrastructure Fund II, has entered into an exclusive strategic partnership with Twenty First Century Utilities (TFC), a privately held development and asset...
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