Ameren Missouri delivers generation projects that support residential customers, businesses and diversifies portfolio

Rhea-AI Summary

Ameren Missouri (NYSE: AEE) has completed three solar generation facilities with a combined capacity of 500 megawatts (MW), representing a $950 million investment. The facilities include the 200-MW Huck Finn, 150-MW Boomtown, and 150-MW Cass County Renewable Energy Centers, capable of powering 92,000 homes annually.

The Cass County and Boomtown facilities will serve Ameren's Renewable Solutions program, providing renewable energy credits to participating organizations. Additionally, the company plans to construct the Castle Bluff Energy Center, an 800-MW simple-cycle natural gas facility, by 2027 with an approximate investment of $900 million.

Positive

• Investment of $950 million in three new solar generation facilities
• Combined capacity of 500 MW, capable of powering 92,000 homes annually
• Additional $900 million investment in 800-MW natural gas facility planned for 2027
• Revenue potential from Renewable Solutions program through renewable energy credits

Negative

• Significant capital expenditure of $1.85 billion across projects may impact short-term financials

Company providing reliable energy through a balanced generation mix

ST. LOUIS, Dec. 19, 2024 /PRNewswire/ -- Today, Ameren Missouri announced 500 megawatts (MW) of new solar generation, representing a total investment of approximately $950 million, are now serving customers. Combined, the three facilities are anticipated to generate energy sufficient to power 92,000 homes annually. 

"We are transforming the energy grid to enhance reliability and resiliency for customers as well as provide cleaner energy to our communities," said Mark Birk, chairman and president of Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE). "Customers depend on Ameren Missouri to continue investing in new sources of generation to ensure reliability and serve customers for decades to come."

The three facilities are: the 200-MW Huck Finn Renewable Energy Center, the 150-MW Boomtown Renewable Energy Center and the 150-MW Cass County Renewable Energy Center.

Both the Cass County and Boomtown facilities will serve Ameren Missouri's Renewable Solutions program. Organizations from across Missouri signed up to take part in the program, increasing their use of renewable energy and supporting its development in our region. As part of the program, participating organizations will also receive renewable energy credits.

Ameren Missouri is also working toward the successful construction of additional new sources of energy to ensure reliability for customers. In 2027, an 800-MW simple-cycle natural gas energy center is expected to be ready to serve as a reliable backup source of energy. The Castle Bluff Energy Center represents an investment of approximately $900 million. 

About Ameren Missouri
Ameren Missouri has been providing electric and gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its approximately 1.3 million electric and 100,000 natural gas customers in central and eastern Missouri. The company's service area covers approximately 60 counties and more than 500 communities, including the greater St. Louis area. For more information, visit Ameren.com/Missouri or follow us at @AmerenMissouri or Facebook.com/AmerenMissouri.

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SOURCE Ameren Missouri

FAQ

What is the total capacity of Ameren Missouri's (AEE) new solar generation facilities?

Ameren Missouri's new solar generation facilities have a total capacity of 500 megawatts (MW), spread across three locations.

How much did Ameren (AEE) invest in its new solar facilities?

Ameren Missouri invested approximately $950 million in the three new solar generation facilities.

What is the Castle Bluff Energy Center project by Ameren (AEE)?

The Castle Bluff Energy Center is an 800-MW simple-cycle natural gas energy center planned for completion in 2027, representing an investment of approximately $900 million.

How many homes can Ameren's (AEE) new solar facilities power?

The three new solar facilities are anticipated to generate enough energy to power 92,000 homes annually.

What are the names and capacities of AEE's new solar facilities?

The facilities are the 200-MW Huck Finn Renewable Energy Center, 150-MW Boomtown Renewable Energy Center, and 150-MW Cass County Renewable Energy Center.