Standard Energy LLC, a global renewable energy company that designs, constructs and owns utility-scale energy generation assets, and American Municipal Power Inc. (AMP) have signed an agreement for the development of up to 300 MW of new solar energy generation capacity.
The 30-year agreement has the potential to yield one of the largest groups of solar electric facility developments in the country, according to the companies. Under the terms of the agreement, AMP will offer power from Standard Energy to its 128 member utilities in six states: Ohio, Pennsylvania, Michigan, Virginia, Kentucky and West Virginia.
The agreement involves the installation of solar electric facilities in or near participating AMP member communities, placing the facilities close to the load these utilities serve – resulting in reduced complexities associated with Regional Transmission Organization-run markets, according to Standard Energy.
Standard Energy partners with utilities to create regional renewable energy hubs that include solar farms, and assembly and distribution centers. These hubs service solar farms and local contractor markets for renewable energy products and solutions, resulting in sustainable economic development and job creation, the company says.
Construction on the first of these projects is expected to begin this year, with construction of all facilities expected to be completed within five years. Locations for installation sites for future projects are still being determined.
SOURCE: Standard Energy