Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTAEP Energy seeks long-term PPAs from new wind, solar
The Trent Mesa wind farm in Texas. Photo: Business Wire.
November 5 (Renewables Now) - AEP Energy Partners (AEPEP) is looking to sign long-term power purchase agreements (PPAs) with new wind and solar farms that will go live in Ohio and ERCOT between 2021 and 2023.
The retail electricity and gas supplier, a unit of US utility American Electric Power Company Inc (NYSE:AEP), on Wednesday launched a Requests for Proposals (RfP). Interested parties are invited to submit a notice of intent to bid by November 13, 2020. Full proposals are due by November 23, 2020.
In Ohio, the power retailer aims at PPAs with terms of 10, 12 or 15 years for both wind and solar, while in the Electric Reliability Council of Texas (ERCOT) area, the off-take deals need to be for 12 years or less and only for solar.
AEPEP noted that it will review applications with alternative terms, other than the stated above. Such proposals will be accepted upon its own discretion, it added.
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