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October 5 (Renewables Now) - AEP Energy Partners (AEPEP) is looking to procure power from new or repowered wind and solar parks as well as battery storage systems that will be finalised within the PJM market between 2022 and 2024.
The retail electricity and gas supplier, a unit of US utility American Electric Power Company Inc (NYSE:AEP), launched a Request for Proposals (RfP) on Monday to facilitate the off-take. Interested parties should submit a notice of intent to bid by October 13, while proposal packages will be accepted by October 27.
Among AEPEP’s targeted technologies are solar photovoltaic (PV) and wind, with both new and repowering projects allowed to participate in the RfP. The solicitation is also open for standalone battery energy storage system (BESS) schemes, to be installed under the build-own-transfer model.
The utility company is eager to sign power purchase agreements (PPAs) for 10, 12 or 15 years. These deals will help AEPEP support its retail business and wholesale loads in the PJM market.
Currently, Ohio-based AEP owns nearly 30 GW of power generating assets, of which more than 5.6 GW rely on renewable sources. Its goal is to make its renewable generation portfolio account for 50% of total capacity by 2030.