Southwestern Electrical Energy Co. (SWEPCO), a subsidiary of American Electric Power (AEP), is including three renewable power initiatives totaling 999 MW, representing a $2.2 billion funding.
SWEPCO expects to situation one other request for proposal (RFP) within the close to time period for added renewable power per the corporate’s built-in useful resource plan for its power and capability wants.
SWEPCO is in search of approval from regulators in Arkansas, Louisiana and Texas to accumulate the 200 MW Mooringsport photo voltaic venture in Caddo Parish, La.; the 200.6 MW Diversion wind venture in Baylor County, Texas; and the 598.4 MW Wagon Wheel wind venture in Logan, Garfield and Noble counties, Okla.
Invenergy is growing the three initiatives. Diversion is predicted to achieve industrial operation in December 2024. Mooringsport and Wagon Wheel are anticipated to return on-line in December 2025. The photo voltaic and wind initiatives had been recognized by a aggressive bidding course of. Following state regulatory approvals, AEP will file with the Federal Vitality Regulatory Fee for approval to switch the initiatives from Invenergy.
“This funding is one other key step in SWEPCO’s efforts to safe renewable, reasonably priced power and obtain a extra balanced gas combine,” says Nicholas Ok. Akins, AEP’s chairman, president and CEO. “AEP stays targeted on including roughly 16 gigawatts of regulated renewables to our era portfolio by 2030 and reaching net-zero carbon emissions by 2050.”
SWEPCO’s long-term plan requires greater than one-third of its Southwest Energy Pool accredited capability to be glad with wind and photo voltaic sources. In February, SWEPCO introduced plans so as to add 72.5 MW of photo voltaic power by an influence buy settlement with the proposed Rocking R Photo voltaic venture in northwest Louisiana. SWEPCO and sister firm Public Service Firm of Oklahoma additionally personal and function the 1,484 MW North Central Vitality Services in north central Oklahoma. The venture contains 199 MW Sundance, 287 MW Maverick and 998 MW Traverse wind initiatives.