American Electric Power subsidiary Appalachian Power Co. has signed a long-term power purchase agreement for renewable wind energy with Beech Ridge Energy LLC, a subsidiary of Invenergy Wind LLC.
Through the 20-year agreement, Appalachian Power will purchase all of the output – between 100 MW and 147 MW – from the first phase of the planned 186 MW Beech Ridge Energy wind project currently under development in Greenbrier County, W.Va.Â
The wind farm is expected to be online by March 31, 2010. The agreement is subject to approval from the Public Service Commission of West Virginia and extension for 2009 of the federal production tax credit for renewable energy. Pricing terms are confidential.
‘The agreement with Beech Ridge Energy brings our long-term renewable energy purchase commitments up to 422 MW in the year since we established our 1,000 MW goal,’ says Michael G. Morris, AEP's chairman, president and CEO. ‘We have additional requests for proposals out for up to 600 MW of renewable energy, so we are well on our way to meeting that goal.’
SOURCE: American Electric Power