American Electric Power (AEP), through its AEP Ohio unit, has signed a long-term power purchase agreement to purchase all the output of a 10.08 MW solar energy facility to be built in Ohio.
Through the 20-year agreement signed with Wyandot Solar LLC, a subsidiary of juwi solar Inc., AEP Ohio will purchase all of the output and renewable energy certificates from the Wyandot Solar facility to be built in Salem Township, Ohio.
Construction of the solar facility is expected to begin in November, and commercial operation is expected by mid-summer 2010. Terms of the agreement were not disclosed. This is AEP's first agreement for for commercial solar energy in the company's renewable portfolio.
SOURCE: American Electric Power