Cinemark enters into a 9-year PPA deal with AEP

Cinemark USA, Inc., a wholly-owned subsidiary of Cinemark Holdings, Inc., has entered into a nine-year virtual power purchase agreement (VPPA) with AEP Energy Partners, a subsidiary of American Electric Power. Cinemark’s VPPA will support up to 40 MW of renewable energy from AEP’s Trent Mesa wind energy center in Nolan County, Texas.

Once fully implemented, the 40 MW of power from Trent Mesa will produce renewable energy equivalent to the approximate power consumption of 120 Cinemark theatres or nearly 14,000 homes. Cinemark will receive renewable energy certificates (REC) for the 40 MW of wind power capacity representing approximately 38 percent of Cinemark’s current total annual domestic energy consumption.

The 100-turbine plant was inaugurated in 2001 and has a long-term PPA with TXU Energy, a local distribution utility.