February 17, 2021 Read More →

AEP unit seeking 300MW of solar, wind generation to help meet Virginia renewable energy rules

S&P Global Market Intelligence ($):

American Electric Power Co. Inc. subsidiary Appalachian Power Co. issued a request for proposals for up to 300 MW of solar and wind generation resources.

The call is the first in a series of requests for proposals that the company will issue in 2021 to comply with provisions of the Virginia Clean Economy Act, under which Appalachian Power must meet annual targets as it works toward 100% carbon-free energy in its Virginia service territory by 2050.

The company is seeking facilities that are at least 50 MW in size and commercially operational by mid-December 2023, although proposals with an operational date of no later than Dec. 15, 2024, will be considered. Bidders may also include proposals with an option for a battery storage system.

“This is Appalachian Power’s largest request yet in a single year for renewable energy bids,” Appalachian Power President and COO Chris Beam said in a Feb. 15 news release.

Under the request for proposals, the company may acquire single or multiple solar or wind facilities in Virginia from winning bidders who meet certain economic and operational criteria. All projects must be interconnected to the PJM.

Proposals have to be submitted by March 31 and any project selected by Appalachian Power through this process is subject to approval by the required regulatory authorities.

[Maryam Adeeb]

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