AEP Energy Partners Seeks Wind, Solar and Storage Projects in PJM

Rhea-AI Summary

AEP Energy Partners, a subsidiary of American Electric Power (AEP), is actively seeking proposals for renewable energy projects including solar, wind, and Battery Energy Storage Systems (BESS) in the PJM region. The proposals are aimed at securing renewable energy purchase agreements for durations of 10, 12, or 15 years, with projects expected to commence operations between 2021 and 2024. Interested parties must submit their notices of intent by March 10, 2021, and completed proposal packages by March 26, 2021.

Positive

• AEP Energy Partners is expanding its renewable energy portfolio by seeking proposals for solar, wind, and BESS projects.
• Securing renewable energy purchase agreements supports the growth of AEP's Integrated Renewable Energy solution.

Negative

• None.

COLUMBUS, Ohio, March 4, 2021 /PRNewswire/ -- AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (Nasdaq: AEP), is seeking proposals for off-take from new solar, new/repowered wind facilities, and stand-alone or co-located Battery Energy Storage Systems (BESS) located in PJM. 

For the PJM sited projects, the company is seeking renewable energy purchase agreements of 10, 12 or 15 years for solar, wind facilities (including incremental power from repowering), and BESS that begin operation between 2021 and 2024.

AEPEP will use the contracted offtake to support the company's growing retail, which includes the company's Integrated Renewable Energy (IRE) solution, and wholesale loads in PJM. 

Notice of intent to bid must be received by AEPEP by Wednesday, March 10, 2021. Proposal packages are due no later than 5 p.m. ET, Friday, March 26, 2021 and should be submitted by e-mail to beduckworth@aepes.com. Complete details about the Requests for Proposals are available at http://aep.com/rfp or by calling Ben Duckworth at (614) 583-7453.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,300 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

 

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SOURCE American Electric Power

FAQ

What is AEP Energy Partners seeking in their recent press release?

AEP Energy Partners is seeking proposals for renewable energy projects including solar, wind, and Battery Energy Storage Systems in the PJM region.

What are the deadlines for submitting proposals to AEP Energy Partners?

Notices of intent to bid are due by March 10, 2021, and complete proposal packages must be submitted by March 26, 2021.

What types of projects is AEP Energy Partners interested in?

AEP Energy Partners is interested in solar, wind, and Battery Energy Storage Systems projects.

What is the duration of the renewable energy purchase agreements sought by AEP Energy Partners?

AEP Energy Partners is looking for renewable energy purchase agreements of 10, 12, or 15 years.