AEP Renewables Purchases Share Of Texas Wind Farms
August 18, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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American Electric Power today announced that its competitive renewable energy subsidiary, AEP Renewables, has completed the purchase of Invenergy's 20.1% interest in the Desert Sky and Trent Mesa wind facilities in Texas.
AEP Renewables and Invenergy have jointly owned the facilities since 2018.
The terms of the transaction are not being disclosed for competitive reasons.
AEP Renewables now owns the full capacity of the 170 MW Desert Sky facility located near Iraan, Texas, and the 156 MW Trent Mesa facility, located between Abilene and Sweetwater in west Texas. Both facilities were built in the early 2000s and repowered in 2018.
AEP Renewables currently owns and operates 1,367 megawatts of large-scale wind, solar and energy storage in 11 states and has an active development pipeline across the U.S.
AEP Renewables sells renewable energy to corporate customers through long-term contracts, in addition to selling to utilities, electric cooperatives, and municipalities