AEP unit in Oklahoma seeks almost 4 GW of renewables via RfPs

Diamond Spring wind park, Oklahoma. Image by Allete Clean Energy

September 17 (Renewables Now) - Public Service Company of Oklahoma (PSO), a unit of American Electric Power Co Inc (NASDAQ:AEP), this week published draft requests for proposals (RfPs) through which it seeks to obtain close to 4,000 MW of wind and solar energy resources.

The Tulsa-based electric utility company is targeting up to 2,600 MW of wind and up to 1,350 MW of solar power via multiple purchase and sale agreements (PSA) for the full acquisition of the selected project companies.

In the case of the draft 2021 Wind PSA RfP, projects must be of at least 100 MW and must be completed by December 15, 2024, or December 15, 2025. As per solar, the deadline is the same, but the projects must have an individual capacity of at least 50 MW.

In each case, the projects must be realised in Oklahoma and be interconnected to the Southwest Power Pool (SPP) RTO.

The issuance date of the final RfPs is set for October 15, 2021. Proposals are due January 13, 2022, and the final selection and negotiation is scheduled for March 15, 2022.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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