Allentown, Pa.-based PPL EnergyPlus, the energy marketing arm of PPL Corp., has announced that it will buy half of the RECs produced by a new wind farm in West Virginia.
PPL EnergyPlus will buy half of the RECs generated by the first phase of the 164 MW NedPower Mount Storm Wind Project, owned by Shell WindEnergy Inc. and Dominion Energy in Grant County, W.Va., over the next several years.
Specific terms of the agreement with Shell Energy North America, the Houston-based energy marketing and trading subsidiary of Royal Dutch Shell, were not announced.
PPL continues to expand its own renewable energy portfolio. Through its subsidiary, PPL Renewable Energy, the company will invest at least $100 million to develop new solar, wind, biomass and landfill gas renewable energy operations in the next five years.
